Bitcoin Mining Giant MARA Sparks Selling Concerns With $133 Million Transfer

Bitcoin mining behemoth MARA Holdings has again raised concerns over possible selling pressure on Bitcoin after it transferred around $133 million worth of BTC to multiple institutional crypto platforms. According to data from blockchain analytics firm Lookonchain, MARA moved a total of 1,650 BTC (around $132.8 million) to platforms like Galaxy Digital, Copper, and others in the past 12 hours. The latest transactions, which were first reported on Nov. 5, came a few weeks after a series of massive Bitcoin movements involving the publicly listed mining company. It seems MARA is once again dumping Bitcoin, referencing recent transfers of massive amounts of BTC to trading platforms and custodians. Nevertheless, it is possible that the transfers do not actually indicate that MARA has sold BTC.

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