Hupzy (Spot On Chain)|Oct 27, 2026 00:53
MARA Holdings moved ๐ญ,๐ฌ๐ฌ๐ฌ ๐๐ง๐ (~$80.19M) in a single on-chain transfer from a known miner wallet. A publicly traded Bitcoin miner offloading a tranche this size adds direct sell pressure from a single identifiable seller.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Miner selling at this scale is a ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฎ๐น ๐๐๐ฝ๐ฝ๐น๐ ๐ผ๐๐ฒ๐ฟ๐ต๐ฎ๐ป๐ด. When a major publicly traded miner offloads 1,000 BTC in one move, it absorbs bid-side liquidity. Watch whether this is a one-off treasury management sale or the start of sustained distribution โ follow-on miner outflows would compound the pressure.
Explorer: https://arkm.com/explorer/entity/mara-pool
source: lookonchain
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