Marathon Digital Transfers 2,348 BTC; Bitcoin Dips Below $100K
- Marathon Digital transferred approximately 2,348 BTC worth $236 million to exchanges such as Coinbase Prime and Galaxy Digital.
- This move raised concerns of a potential miner-led selloff despite Marathon's reported Q3 2025 revenue increase of 92% to $252.4 million.
- Bitcoin briefly dropped below $100K but rebounded to $101K. Ethereum also saw a decline to $3K.
- Arthur Hayes, co-founder of BitMEX, suggests the Bitcoin correction may end soon with USD liquidity conditions improving post-US government shutdown.
- Hayes predicts a "hidden quantitative easing" cycle through the Fed's Standing Repo Facility, potentially benefiting BTC.
- CryptoQuant data shows growing Bitcoin reserves on Binance, indicating profit-taking coinciding with market price weakness.
- The Balance of Power indicator reflects accumulating buying pressure around $100,000, suggesting potential support for BTC prices.
