🔍 Will Elon Musk Sell Bitcoin?
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It seems possible. Around 19 minutes ago, Bitcoin activity was spotted in Tesla's wallets, which are linked to Elon Musk. These transfers involved small amounts moving to new addresses, a common step before significant transactions. Corporations and large holders ("whales") typically use this method to ensure a smooth transfer before moving larger sums.
If Tesla made this transfer, there are two possible scenarios:
1️⃣ Tesla could be distributing their 11,509 BTC across different wallets.
2️⃣ They might be preparing to sell Bitcoin valued at $767 million.
The empty recipient addresses point to two potential conclusions:
🔹 The transfers may be headed for Coinbase Prime or other over-the-counter (OTC) exchanges.
🔹 Alternatively, Tesla might be setting up new wallets, possibly cold storage.
We’ll likely know the reason behind this movement within the next 1-2 hours.
