According to Arkham’s data, Grayscale transferred 9,000 Bitcoins worth $380 million to Coinbase.
After this transfer, BTC dropped to $42,050.
It was stated that Grayscale still has 617,000 BTC worth $26.22 billion in its wallet.
BREAKING: $GBTC (@Grayscale) MOVES ~$385.1M WORTH OF $BTC, SOME OF WHICH TO WALLETS IT HAS PREVIOUSLY USED TO MOVE FUNDS TO @coinbase – AS @NYSE OPENS pic.twitter.com/uCM13OKQJN
— DEGEN NEWS 🗞️ (@DegenerateNews) January 16, 2024
*Not investment advice
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Source: https://en.bitcoinsistemi.com/grayscale-transferred-9000-bitcoins-to-coinbase-btc-began-to-decline/