Evening soul-searcher: Miners are dumping, while whales are scrambling to buy? 🔥
Two stories today are especially interesting when you put them together:
On one side, mining company $MARA revealed in its financial report that it sold 40,581 BTC in the first 10 months of this year (about $3.02 billion) at an average price of $74,446, and it plans to keep selling the 20,000 BTC it still holds 😤 It dumped 13,597 BTC in just 40 days since October—a very determined effort to raise cash and replenish liquidity.
On the other side, BlackRock revealed that demand from large investors to switch self-custodied BTC into IBIT has hit a record high, totaling about $3.6 billion! The reason? “Security concerns”—do whales not even want to manage their own private keys anymore?
Miners are selling, whales are switching. Who do you think is the smart money?
And now for today’s major on-chain news: The NYSE announced that the settlement layer for its tokenized securities platform will use $AVAX technology, bringing Wall Street one big step closer to on-chain 📈 Meanwhile, $HYPE listed on two major Korean exchanges, Upbit and Bithumb, on the same day, sending the hype through the roof.
Is miner selling pressure finally peaking this cycle, or is this the eve of a whale accumulation spree? Share your take in the comments 👇
NFA | DYOR
#比特币 #Hyperliquid #Avalanche #ETF #Cryptocurrency
Two stories today are especially interesting when you put them together:
On one side, mining company $MARA revealed in its financial report that it sold 40,581 BTC in the first 10 months of this year (about $3.02 billion) at an average price of $74,446, and it plans to keep selling the 20,000 BTC it still holds 😤 It dumped 13,597 BTC in just 40 days since October—a very determined effort to raise cash and replenish liquidity.
On the other side, BlackRock revealed that demand from large investors to switch self-custodied BTC into IBIT has hit a record high, totaling about $3.6 billion! The reason? “Security concerns”—do whales not even want to manage their own private keys anymore?
Miners are selling, whales are switching. Who do you think is the smart money?
And now for today’s major on-chain news: The NYSE announced that the settlement layer for its tokenized securities platform will use $AVAX technology, bringing Wall Street one big step closer to on-chain 📈 Meanwhile, $HYPE listed on two major Korean exchanges, Upbit and Bithumb, on the same day, sending the hype through the roof.
Is miner selling pressure finally peaking this cycle, or is this the eve of a whale accumulation spree? Share your take in the comments 👇
NFA | DYOR
#比特币 #Hyperliquid #Avalanche #ETF #Cryptocurrency