Bitcoin bounced 5% to $81,000 on Wednesday after falling to $75,600 just twelve hours earlier. The first warning sign is that Trump Media Group, the operator of Truth Social, transferred 4,259 BTC worth more than $340 million to Crypto.com, suggesting the assets could be sold. The company has already offloaded $545 million of bitcoin over the past seven months, despite having acquired its 11,542 BTC for $1.37 billion. The second warning sign is that miner MARA Holdings transferred more than $130 million worth of BTC to several platforms, including Galaxy Digital and Copper, following several transfers of 1,000 BTC to BitGo. The third warning sign is that the US administration is reportedly preparing for a possible resumption of major military operations in Iran, which could weigh on bitcoin and other risk-on assets.
Source: Read the original article
