Live updates: Bitcoin at $63,600 as Japan's Metaplanet moves 3,881 BTC between wallets
60-second summary
Japan's Metaplanet is moving 3,881 BTC between its controlled wallets, indicating no exchange sale, despite a $1.4 billion paper loss. Blockchain data shows the transaction is an internal transfer, not a sale. This development may alleviate market concerns about a significant sell-off, potentially supporting Bitcoin's price stability at $63,600, with minimal impact on market sentiment.
Blockchain data shows the Japanese treasury firm moved the bitcoin between wallets it controls, not to an exchange, so the transfer isn't a sale despite its $1.4 billion paper loss.