โ ๏ธ ๐๐ซ๐ค๐ก๐๐ฆ ๐๐ฅ๐๐ซ๐ญ: ๐๐ข๐จ๐ญ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ๐ฌ ๐จ๐๐๐ฅ๐จ๐๐๐ข๐ง๐ ๐๐๐?
In April, Riot sold 475 $BTC for $38.8M, moving the exact amount to NYDIG.
๐ Today, they moved another $6.7M worth of BTC to NYDIG.
More selling on the horizon?
With short-term holders dumping 47K BTC and funding rates flipping negative, this could add to the pressure on #Bitcoin.
Keep your eyes on miner flows โ they always move first.