MARA sold 13,597 Bitcoin, about 40 percent of its treasury, and the reason is not what most traders think. ⚠️
MarketFlux reports mining company MARA disclosed it sold 13,597 BTC, roughly 40 percent of its treasury, over six weeks to fully repay a 750 million dollar loan and fund a pivot into AI power infrastructure. 📰 That is a miner turning into a seller at scale, right as Bitcoin broke below 73,000 dollars for the first time since August, and it adds real supply on top of the ETF outflows and the CPI selling. My reading is that this is a company decision, not a market call, but the market does not care about the reason, it only feels the supply, and a 13,597 coin sale is the kind of overhang that keeps rallies capped until it is absorbed.
Does miner selling cap every Bitcoin bounce from here, or is the MARA supply already absorbed? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MARA
MarketFlux reports mining company MARA disclosed it sold 13,597 BTC, roughly 40 percent of its treasury, over six weeks to fully repay a 750 million dollar loan and fund a pivot into AI power infrastructure. 📰 That is a miner turning into a seller at scale, right as Bitcoin broke below 73,000 dollars for the first time since August, and it adds real supply on top of the ETF outflows and the CPI selling. My reading is that this is a company decision, not a market call, but the market does not care about the reason, it only feels the supply, and a 13,597 coin sale is the kind of overhang that keeps rallies capped until it is absorbed.
Does miner selling cap every Bitcoin bounce from here, or is the MARA supply already absorbed? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MARA
