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Learning & News => News related to Crypto => Topic started by: sirty143 on January 13, 2024, 01:09:32 PM

Title: Grayscale’s 4,000 Bitcoin Transfer Worth $175M Stirs Market Speculation Amid Rec
Post by: sirty143 on January 13, 2024, 01:09:32 PM

Grayscale’s 4,000 Bitcoin Transfer Worth $175M Stirs Market Speculation Amid Record ETF Trading Volume

(https://i.imgur.com/b3Y4e6lm.jpg)

Recent blockchain analytics reveal that 4,000 bitcoins, valued at approximately $175 million, have been transferred from addresses believed to be controlled by Grayscale’s Bitcoin Trust, commonly referred to as GBTC. Records indicate that these transfers occurred in four... See more for yourself here (https://news.bitcoin.com/grayscales-4000-bitcoin-transfer-worth-175m-stirs-market-speculation-amid-record-etf-trading-volume/).

Your opinion is greatly appreciated.

Title: Re: Grayscale’s 4,000 Bitcoin Transfer Worth $175M Stirs Market Speculation Amid Rec
Post by: Faisal2202 on January 13, 2024, 03:13:48 PM

I don't get the purpose of publishing this news by the news.bitcoin platform, as the title was created as they just transferred 4k BTC to Coinbase while after reading the whole news I realized that 4k BTC was moved to Coinbase 2 weeks ago. What I understand from this news is, that they just wanted to say that the prediction or analysis of Arkham was right about Grayscal's holding of BTC, as they hold more than $26 billion worth of BTC (which is insane btw).

Well, I think this is just to create some suspense among investors or early bidders so they could react abruptly.

PS: BTW Can you not share your own opinions in this news or its just how this section works, just asking for a friend hehe.