Metaplanet moved 3,881 BTC between its own wallets – a HODL signal, not a sale.
Despite a $1.4 billion paper loss, blockchain data confirms the transfer was internal, not to an exchange. The market often misinterprets large wallet transfers as intent to sell.
Our read: This public company, after a massive unrealized loss, believes in the long game. They could have cut losses. They didn't.
Watch $BTC. It sits at $64,238, above the EMA20 and EMA50. A drop below $63,238 (the 7-day low) reverses the bullish trend.
$BTC
Despite a $1.4 billion paper loss, blockchain data confirms the transfer was internal, not to an exchange. The market often misinterprets large wallet transfers as intent to sell.
Our read: This public company, after a massive unrealized loss, believes in the long game. They could have cut losses. They didn't.
Watch $BTC. It sits at $64,238, above the EMA20 and EMA50. A drop below $63,238 (the 7-day low) reverses the bullish trend.
$BTC