MARA Sends Another 1,000 BTC to BitGo, Its Fourth Big Transfer in October: Can BTC USD Absorb It?
· mining · Sentiment: neutral
MARA, a Bitcoin mining company, has transferred another 1,000 BTC to BitGo, marking its fourth large transfer in October. This move is part of a series of significant transactions by MARA, which has been sending substantial amounts of Bitcoin to BitGo. The transfers have raised questions about the potential market impact, specifically whether the current BTC USD market can absorb such large sales. The transactions coincide with a reported change in the Bitcoin Hash Ribbon signal, suggesting that miners may be indicating the bottom of the market is in.