MARA Holdings, one of the largest Bitcoin mining companies, transferred 1,650 $BTC worth $132.8 million over the past 12 hours.

On-chain wallet tracking data shows the funds were sent to Galaxy Digital, Copper, and other platforms.

The move comes amid close monitoring of mining companies’ wallet activity, as traders look for any sign of potential selling pressure.

But there’s no confirmed information showing whether the transfers were actual sales or merely internal transfers between company wallets.

If the transfers continue to exchanges, the market may interpret them as potential selling pressure on $BTC; if they’re wallet reshuffling, the concern could quickly fade.

Bottom line: the transfer of 1,650 $BTC is worth keeping an eye on, but it’s not conclusive evidence of a sale.

What’s your take: an actual sale or just an internal transfer? 👇

#Bitcoin #Mining

Click $BTC to trade

$BTC

Others have already followed. Visit my profile and stay with those who read the signs before the news spreads.