Cathie Wood’s ARK Invest has moved a significant amount of Bitcoin—1,268 BTC valued at approximately $148.88 million—to Coinbase. This move has sparked speculation about a potential sell-off and may impact short-term market dynamics.
- ARK Invest transferred 1,268 BTC, worth $148.88 million, to Coinbase
- Large deposits to exchanges often signal intent to sell
- The action may indicate a strategy shift or portfolio rebalancing by ARK
- Investors may see this as a sign of institutional repositioning
- Could suggest a cautious outlook on Bitcoin's near-term performance
While not a direct investment signal, this event could reflect shifting market sentiment and may open opportunities for investors anticipating market dips. Show Less
