BlockTower Capital sold MKR to cash out $3.53 million, and its future direction remains a mystery?

On October 10, monitoring data showed that investment institution BlockTower Capital sold 1,815 MKRs through Galaxy Digital 7 hours ago, worth about $2.48 million. This is a carefully laid out chess game!

Looking back, BlockTower Capital withdrew 12,502 MKRs from centralized exchanges such as Coinbase, FTX and Kraken from May to November 2022, with an average price of $1,055. Since December last year, the institution has gradually sold MKRs, selling 7,664 MKRs in 10 months, with a cumulative profit of $11.62 million, an average of $1,516 per MKR, and a net profit of $3.53 million.

They currently have 7,662 MKRs in their hands, with a market value of about $10.37 million. What will be BlockTower Capital's next move? Will it continue to cash out or fight the market again? The future of MKR is full of variables!

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