Bitcoin experienced a correction after surpassing 122,800 USD, influenced by profit-taking. A significant transfer of 40,009 BTC, valued at around 4.68 billion USD, to Galaxy Digital raised concerns, yet the market demonstrated resilience.
Experts emphasize that Bitcoin’s handling of such large transfers reflects its maturation and enhanced liquidity, suggesting a more stable investment environment. Galaxy Digital’s planned selling strategy indicates a transition toward a broader base of investors.
Leave a Reply