Summary
- It was reported that Marathon Digital Holdings deposited about 275 Bitcoin (BTC) to FalconX.
- The amount of the Bitcoin was reported to be about $25.31 million.
- The FalconX deposit could be for selling or liquidity purposes, so market interpretations may differ.
Bitcoin (BTC) miner Marathon Digital Holdings (MARA) appears to have deposited Bitcoin to crypto prime broker FalconX.
On the 10th (local time), according to on-chain analysis account Lookonchain, Marathon Digital deposited 275 BTC to FalconX about two hours earlier. This amounts to about $25.31 million.
FalconX is a firm that provides prime brokerage services for institutional clients, and deposits to exchange- or broker-affiliated wallets are usually for selling or liquidity purposes, so market interpretation may vary.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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