Grayscale has made another big move recently. This time, they transferred a large amount to a wallet address on a leading compliant platform—20,572 ETH in one go, which amounts to approximately $64.06 million. They also transferred 171.856 BTC, worth approximately $15.42 million.
Looking at the K-line chart, Bitcoin is currently oscillating within its consolidation zone on the larger timeframe. To break upward, it needs to hold firmly above the $94,000 level. If it breaks below that, the next key support to watch is $88,000. Only a breakout or breakdown of these two levels could potentially push the market in a new direction.
These large-scale transfers from Grayscale typically signal capital flows and are worth monitoring for subsequent price reactions.
Grayscale has made another big move recently. This time, they transferred a large amount to a wallet address on a leading compliant platform—20,572 ETH in one go, which amounts to approximately $64.06 million. They also transferred 171.856 BTC, worth approximately $15.42 million.
Looking at the K-line chart, Bitcoin is currently oscillating within its consolidation zone on the larger timeframe. To break upward, it needs to hold firmly above the $94,000 level. If it breaks below that, the next key support to watch is $88,000. Only a breakout or breakdown of these two levels could potentially push the market in a new direction.
These large-scale transfers from Grayscale typically signal capital flows and are worth monitoring for subsequent price reactions.