Grayscale has recently made another big move. This time, they transferred 20,572 ETH to a major compliant platform's wallet address in one go, roughly worth $64.06 million. They also transferred 171.856 BTC, valued at about $15.42 million.

From the candlestick chart, Bitcoin is currently still oscillating within that fluctuation range on the larger timeframe. To break upward, it needs to stabilize above $94,000. Otherwise, if it drops, it will depend on whether $88,000 can hold. Breaking through or falling below these two levels could lead the market to a new direction.

Large transfers like those by Grayscale usually indicate capital movement, and it’s worth paying attention to the subsequent price reactions.