Metaplanet moved 5,014 $BTC between its own wallets — cost them $8 in fees. Market freaked out and read it as a dump. Their holdings didn't change. Still sitting on 43,000 $BTC, targeting 100,000 by end of year.
This keeps happening. Treasury companies do internal wallet shuffles for security or operational reasons, and algos plus retail panic sellers treat it like distribution. At some point these firms will need to pre-announce routine custody ops just to stop triggering false sell signals. It's becoming a liquidity tax on transparency.
This keeps happening. Treasury companies do internal wallet shuffles for security or operational reasons, and algos plus retail panic sellers treat it like distribution. At some point these firms will need to pre-announce routine custody ops just to stop triggering false sell signals. It's becoming a liquidity tax on transparency.