The phrase that defines everything here is “may be for sale”: a transfer alone doesn’t prove a sale, and the October precedent is what makes it more likely. $BTC
Did Hut 8 actually transfer its coins to sell? Two hours ago, a transfer of 1,617 $BTC worth $121.43 million appeared, but so far there’s no confirmation that it was an actual sale.
In October, the company sold 2,148 $BTC for $175.4 million, at an average price of around $81,657, to fund its share buyback.
If the same pattern repeats, a similar amount could enter the market and put pressure on the price. If it was only an internal transfer, nothing changes.
The takeaway worth remembering: wallet movement is a signal to watch, not proof of a sale.
Do you expect an actual sale this time, or just an internal transfer?
#BTC #Hut8
This content is for informational purposes only and is not financial advice.
Press $BTC to trade
$BTC
Others have already followed. Visit my profile and join those who read the news before it spreads.
Did Hut 8 actually transfer its coins to sell? Two hours ago, a transfer of 1,617 $BTC worth $121.43 million appeared, but so far there’s no confirmation that it was an actual sale.
In October, the company sold 2,148 $BTC for $175.4 million, at an average price of around $81,657, to fund its share buyback.
If the same pattern repeats, a similar amount could enter the market and put pressure on the price. If it was only an internal transfer, nothing changes.
The takeaway worth remembering: wallet movement is a signal to watch, not proof of a sale.
Do you expect an actual sale this time, or just an internal transfer?
#BTC #Hut8
This content is for informational purposes only and is not financial advice.
Press $BTC to trade
$BTC
Others have already followed. Visit my profile and join those who read the news before it spreads.
