Grayscale’s $69M Bitcoin Transfer Sparks Market Concerns
Grayscale’s recent Bitcoin transfer of 696821 BTC, worth $69.48 million, has caused tension in the cryptocurrency community on Coinbase Prime. Arkham’s surveillance reveals the movement from Grayscale’s co-deposit address to its hot wallet. Unlike previous transfers during Bitcoin price rally, this shift emerged in a low market, raising questions about grayscale strategies. The sudden move has sparked speculation about potential sell-offs or strategic adjustments, keeping investors alert to their impact on Bitcoin price dynamics and market sentiment.
