MARA shifts $236M in BTC to exchanges, fueling sell-off speculation
The post MARA shifts $236M in BTC to exchanges, fueling sell-off speculation appeared on BitcoinEthereumNews.com.
Marathon Digital Holdings (MARA), a publicly listed Bitcoin mining firm, has recently transferred a total of 2,348 BTC, worth approximately $236 million. Based on on-chain data, the transfers were made to institutional exchanges, including Coinbase Prime, FalconX, Galaxy Digital, and Two Prime. Arkham Intelligence flagged the transfers that mark the latest notable transfer in crypto markets following yesterday’s BlackRock transfer of over $290 million into Coinbase Prime. The transfers have not directly signaled any selling proof; however, based on history on-chain, deposits to exchanges have been associated with plans to liquidate or rebalance large positions. MARA and BlackRock move over $1.2 billion in BTC and ETH Based on Arkham Intelligence’s latest reveal, MARA deposited roughly $45 million into Coinbase Prime and approximately $60 million into Falcon X, with the rest going into Two Prime and Galaxy Digital. A combined deposit of $236 million was made to the exchanges, which originated from wallets controlled by the MARA Pool, the mining operation responsible for block payouts. Is #MARA, the #Bitcoin mining firm that had been consistently buying $BTC, now selling? In the past 12 hours, #MARA transferred a total of 2,348 $BTC($236M) to #FalconX, #TwoPrime, #GalaxyDigital, and #CoinbasePrime.https://t.co/9DlN5ZPsBz pic.twitter.com/Sur1Swt1d8 — Lookonchain (@lookonchain) November 5, 2025 Ahead of today’s announcement, BlackRock was also seen moving more than $1 billion worth of Bitcoin and Ethereum from its cold wallets to Coinbase Prime over the past five days. The breakdown includes 3,496 BTC, valued at $383.9 million, and 31,754 ETH, valued at $122 million, both of which were made on October 31. The asset manager also transferred $506 million at the beginning of this month and another $290 million yesterday. So far, it remains unclear why the institutions are moving the sizable funds, leaving the market to speculate on possible reasons. The moves could indicate…
Filed under: News - @ November 5, 2025 7:28 am