Hut 8 Funnels $161 Million in Bitcoin to Exchanges

Crypto Insight Summary: A wallet tied to Hut 8 has pushed nearly 2,000 BTC toward exchanges and trading desks in seven days, emptying itself by early Friday. Following the Coins The trail starts in custody, and Arkham labelled the source addresses as Hut 8’s Coinbase Prime custody wallets. From there, the coins hopped to a single intermediary address […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large BTC outflow from Hut 8 custody to exchanges may signal potential selling pressure.