Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Some $670 million of the assets was forwarded to an address that could belong to an institutional custody or service, Arkham analysts said.on Monday, tanking already retreating prices and sparking investor concerns of selling the assets just two days after presidential hopeful Donald Trump's promise to begin stacking BTC.by Arkham Intelligence shows that a wallet tagged as"U.S.
Arkham analysts suspected that the 10,000 BTC transfer worth $670 million was a deposit to an institutional custody or service.BTC tumbled below $67,000 following the transfer, extending its decline from the $70,000 session high earlier today. At press time, bitcoin was changing hands at $66,700, down 1.6% over the past 24 hours.
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