Hut 8 is suspected of selling BTC, with associated wallets transferring 1,589 BTC to multiple exchanges within two days.

KuCoinFlash

Release Time: 2026/10/16 01:24:26

BTC

$82,078.500.53%

Summary

Today’s BTC news shows a wallet linked to Hut 8 transferred 1,589 BTC—worth approximately $130 million—to multiple exchanges over two days, according to Lookonchain. The company holds 10,278 BTC, valued at $845.6 million. BTC update: this activity suggests potential selling pressure amid ongoing market volatility.

Odaily Planet Daily reports, according to Lookonchain monitoring, Bitcoin treasury company Hut 8 appears to be selling BTC. Over the past two days, a wallet associated with Hut 8 transferred 1,589 BTC to multiple exchanges, valued at approximately $130 million.

Hut 8 is reported to hold 10,278 BTC, valued at approximately $845.6 million.

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