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Renowned Trader Speaks Out After a Year, Strategy Appears to Sell 491 Bitcoins
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BlockBeats News, July 3rd, Renowned trader Light (@lightcrypto) re-emerged with major news after a year of silence. According to his on-chain data analysis, the Strategy is suspected to have sold 491 Bitcoins on the evening of July 1st.

Light, a crypto OG and top-tier trader in the market, boasts over 180,000 fans on Platform X. He had previously predicted the Terra LUNA crash in 2022 and held a long-term bearish view on Ethereum.

Regarding the aforementioned Strategy's coin selling news, Arkham analyst Emmett Gallic stated that the authenticity is yet to be confirmed as "the address's behavior involved differs from the confirmed Anchorage custody address." The UTXO sources of these addresses, withdrawal patterns, Galaxy Deposit usage, and the counterparty do not align with Strategy's past large-scale transaction characteristics. The amount is also significantly smaller than the usual scale.

On Monday of this week, Strategy unveiled the "Digital Credit Capital Framework," granting the company authorization for sporadic Bitcoin sell-offs.

Source: BlockBeats

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