$BTC Wow! The mining giant Mara has transferred 25 million dollars worth of BTC to FalconX! They are trying to clean up the narrative saying it's just 'financial operations', do you believe that?
The on-chain alert just came out, Bitcoin mining company Mara transferred 25.31 million dollars worth of BTC into the institutional channel FalconX. The market immediately exploded: is this the prelude to dumping and running away?
The company came out to clean up, claiming it's just 'normal fund management', not a sell-off. But look at this behavior: in November, they had already transferred hundreds of millions to exchanges like Coinbase and Galaxy! Miners hoard coins in a bull market, and in a bear market, they sell off to pay electricity bills; the historical script has never changed!
Let me say this: on-chain transfers don't lie, especially when transferring to exchanges! In the short term, there will definitely be selling pressure, but in the long term, once these miners have sold off completely, the bottom of the market won't be far behind.
