Tether Transfers 204.3 BTC to Bitfinex, Adding to Market Jitters
Tether moved 204.3 Bitcoin from its reserve to the Bitfinex exchange, fueling concerns as MicroStrategy also reportedly sells its BTC holdings. Although the volume is small, the psychological impact is significant.
BTCUSD
On-chain monitors detected a transfer of 204.3 BTC from Tether's reserve wallet to the Bitfinex exchange. The movement has stirred unease among traders, especially following reports that MicroStrategy (Strategy) has begun selling its own Bitcoin holdings into the market.
While the transferred amount is relatively small compared to overall trading volumes, market participants note that the psychological factor could amplify bearish sentiment in the short term.
Source: MarketTwits