Grayscale Transferred 9,000 Bitcoins to Coinbase, BTC Began to Decline!

According to Arkham's data, Grayscale transferred 9,000 Bitcoins worth $380 million to Coinbase.

After this transfer, BTC dropped to $42,050.

BREAKING: $GBTC (@Grayscale) MOVES ~385.1M WORTH OF $BTC, SOME OF WHICH TO WALLETS IT HAS PREVIOUSLY USED TO MOVE FUNDS TO @coinbase – AS @NYSE OPENS pic.twitter.com/DD7g8Y1WV1

— DEGEN NEWS 🗞️ (@DegenerateNews) January 16, 2024

*Not investment advice