Lookonchain
MARA deposited 200 BTC worth $12.86 million into NYDIG 10 hours ago. Riot Platforms deposited another 381 BTC worth $24.51 million into NYDIG in the same window, while MARA holds 36,303 BTC valued at $2.34 billion.
Why it matters
Together, the transfers total 581 BTC, or about $37.37 million. The two-company flow reinforces a bearish miner-selling signal for Bitcoin and puts large miner treasuries in focus as a potential source of supply.
Market impact
The bearish read comes from both companies moving BTC, not only the size of one deposit. Traders will watch whether MARA and Riot continue sending BTC to NYDIG, which would keep miner selling pressure in focus.
Frequently asked questions
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How much BTC did MARA and Riot Platforms send to NYDIG?
MARA deposited 200 BTC and Riot Platforms deposited another 381 BTC, for a combined 581 BTC.
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What was the combined dollar value of the two BTC transfers?
MARA's transfer was valued at $12.86M and Riot's at $24.51M, for a combined value of about $37.37M.
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How large is MARA's Bitcoin treasury?
MARA holds 36,303 BTC valued at $2.34B.
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Why are the NYDIG deposits bearish for Bitcoin?
The transfers reinforce a miner-selling signal because both companies are moving BTC to NYDIG, putting potential sell-side supply in focus.
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What should traders watch after the NYDIG deposits?
Traders will watch whether MARA and Riot continue sending BTC to NYDIG, which would keep miner selling pressure in focus.
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