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Gate Square New & Returning Creator Rewards are ongoing!
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Bitcoin mining company makes a big move: Marathon Digital transfers over 500 BTC to the trading platform in one go
【Chain News】On-chain data shows that the well-known Bitcoin mining company Marathon Digital recently transferred 519.46 BTC to the trading platform FalconX, with an estimated value of around $48 million at current prices.
This transfer signal is worth paying attention to. As a leading industry miner, Marathon’s on-chain movements often represent market expectations and capital allocation strategies of miners. Large BTC flows to trading platforms usually indicate that the mining company may be evaluating the timing of sales, hedging risks, or preparing for subsequent funding needs. In the current Bitcoin consolidation phase, such data changes are enough to serve as a barometer of market sentiment.