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BTC another small drip… but the bigger picture’s already loud🙈
Marathon Digital Holdings--yup, MARA....just moved out another 250 #bitcoin about 5 hours ago. Around $17M. On its own, not a big deal… almost feels routine at this point.
But then you dig out a bit… and it hits different. Between March 4 and March 25, they already offloaded 15,133 $BTC --- that’s over $1.1B. So this latest 250 #BTC .... It’s more like a continuation… a slow bleed rather than a one-time move.
And still ... they’re sitting on 12,648 BTC (~$868M).
WE THOUGHT: Miners always play their own game. And when they start easing supply out like this, bit by bit… it doesn’t crash things instantly -- but it does add weight over time.