Hut 8 is suspected of selling Bitcoin. Wallets linked to the company deposited 1,589 BTC into multiple exchanges over two days. After the news broke, I first looked at fund flows, then at the price.
The event itself is straightforward; what’s worth considering is whether there will be a next step. Seeing whether funds are concentrating in large-cap coins or spreading to smaller ones can reveal the market’s appetite.
$BTC .
The event itself is straightforward; what’s worth considering is whether there will be a next step. Seeing whether funds are concentrating in large-cap coins or spreading to smaller ones can reveal the market’s appetite.
$BTC .