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Just saw the chain activity of the Winklevoss brothers— they transferred BTC worth $130 million to a hot wallet this week, it looks like they are ready to sell. Quite a large amount, especially considering they still hold a significant BTC position.
According to on-chain data, this pair still holds about $764 million worth of BTC. If calculated from the beginning, their profit from BTC has already reached $1.8 billion. So even with transfers to platforms, their position remains solid.
If there is indeed selling pressure from such a large level, it’s worth watching on the chart. Usually, whale movements like this can be a market signal.