MARA Holdings moves $81M in BTC, is Bitcoin price at risk?

MARA Holdings has transferred nearly 1,000 Bitcoin worth approximately $81.13 million to Galaxy Digital, according to blockchain transaction data flagged by onchain analytics platform Lookonchain. MARA Holdings transferred 996.105 BTC worth approximately $81.13 million to Galaxy Digital, according to onchain data flagged by Lookonchain. The transaction raised questions about a possible Bitcoin sale, although blockchain records have not confirmed that the assets were sold. Bitcoin traded near $82,300 after recent losses, with short term moving averages and MACD indicating continued selling pressure. BTC could revisit $80,514 if selling continues, while a break below that level could expose support near $79,742.

Source: crypto.news