8,000 BTC Just Moved. BlackRock or Saylor?

robot
Abstract generation in progress

According to CryptoQuant analyst J. A. Maartunn, a total of 8,000 coins aged between 3-5 years were recently on the move

The coins in question can be traced back to Coinbase Custody, which is a service used by institutional investors.

Maartunn believes that the coins are linked to Strategy or spot exchange-traded fund (ETF) allocations

The analyst has suggested that the entity behind the recent moves has likely finished their buying spree. “Their buying spree might be done for this week,” Maartunn said.

Bitcoin is currently trading at $104,806, according to CoinGecko data

BTC-0,35%
JST-6,38%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)