SpaceX don move over $900M for Bitcoin go self-custody wallet
SpaceX don move over $900M for Bitcoin go new self-custody wallet for two big transfers wey Arkham Intelligence dey track. First, dem send 281 BTC (~$31M) from Coinbase Prime go one institutional wallet. Then, dem join 94,000 BTC (~$894M) from Coinbase Custody put for one self-hosted wallet. Dis move show say SpaceX get long-term belief for Bitcoin plus dem dey focused on security. No sales happen. Traders suppose dey look out for movements for related BTC wallet and on-chain data for any market impacts.
Bullish
SpaceX dey consolidate Bitcoin inside self-custody wallets dey reduce exchange supply and e show say dem get strong long-term confidence. Dis reduced selling pressure fit support upward price momentum for both short term and long term. Traders usually see dis kind internal consolidation as bullish indicators because e mean say institutional holders dey favor security pass to liquidate assets.