A Bitcoin mining company transferred 1,000 $BTC to exchanges over five days, but no sales have been confirmed.
On-chain data shows that MARA Holdings moved 1,000 BTC to Binance and other platforms over five days, worth about $82.8 million at current prices. BTC is currently trading at $82,424, up 0.4% in 24 hours.
Large deposits are often viewed as a potential sign of selling pressure. But a deposit doesn’t mean a sale has taken place; it could also be a custody transfer or an over-the-counter settlement.
Will these 1,000 BTC eventually be sold?
On-chain data shows that MARA Holdings moved 1,000 BTC to Binance and other platforms over five days, worth about $82.8 million at current prices. BTC is currently trading at $82,424, up 0.4% in 24 hours.
Large deposits are often viewed as a potential sign of selling pressure. But a deposit doesn’t mean a sale has taken place; it could also be a custody transfer or an over-the-counter settlement.
Will these 1,000 BTC eventually be sold?