Grayscale Transferred Bitcoin to Coinbase Again, BTC Began to Decline!

According to Arkham’s data, Grayscale continues to transfer Bitcoin today.

Grayscale, which made new transfers today, transferred nearly 13,000 BTC to Coinbase with the opening of the stock markets.

After this transfer, BTC started to decline and fell to $41,100.

“Grayscale sent another 12.87 thousand BTC worth $531 million.

Grayscale has deposited a total of 47.9 thousand BTC into Coinbase Prime so far; This amount is worth $1.97 billion at current prices.

These likely represent redemptions of GBTC shares.”

Grayscale has just sent out another 12.87K BTC from their wallets, worth $531M.

In total so far, Grayscale has deposited 47.9K BTC to Coinbase Prime – worth $1.97B at current prices.

These likely represent redemptions of GBTC shares.https://t.co/K7P3NmGZFH pic.twitter.com/U9EggPJt3m

— Arkham (@ArkhamIntel) January 19, 2024

*This is not investment advice.