## Marathon Digital Moves Millions in BTC to Binance According to blockchain data, Marathon Digital Holdings, a prominent Bitcoin mining firm, deposited 790 BTC, valued at approximately $84.64 million, into Binance. This transaction, highlighted by The Data Nerd, has sparked discussions within the crypto community. ## Why Did Marathon Digital Deposit BTC? While the exact reason for the deposit remains unconfirmed, speculation points towards several possibilities. Marathon Digital may be selling Bitcoin to cover operational costs, fund expansion initiatives, or hedge against market volatility. It's important to note that the address still holds a significant amount of Bitcoin, approximately 12,786 BTC ($1.37 billion), suggesting this might be a strategic move rather than a complete liquidation. ## Potential Impact on Bitcoin Price Large Bitcoin transfers to exchanges can sometimes lead to price fluctuations, as it increases the available supply for trading. However, the market impact of this particular deposit remains to be seen. The Bitcoin price has shown some resilience despite recent volatility, and the long-term effects will depend on broader market trends and investor sentiment. ```

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