According to reports from AMBCrypto, Metaplanet transferred 3,881 BTC worth $247.3 million and Hut 8 moved 493 BTC worth $31.36 million. Both transfers remained as outflows but did not reach exchange wallets, suggesting internal reorganization rather than immediate selling. The combined movement of 4,374 BTC worth approximately $278.66 million occurred without exchange deposits, indicating potential strategic repositioning within institutional holdings. As reported by Lookonchain, these transfers remained outflows but had not reached exchanges, suggesting the tokens were moved internally rather than sold to the market.
As reported by AMBCrypto, Metaplanet had not sold Bitcoin since 2025 and had increased its holdings to 43,000 BTC worth $2.74 billion. The firm acquired these holdings at an average price of $96,191, with an aggregate cost basis of $4.136 billion. Despite Bitcoin's extended weakness causing holdings to be down $1.4 billion or 34%, the firm maintained its position without selling. Hut 8 had similarly not sold Bitcoin since November 2025, maintaining its institutional stance during the current market conditions. Exchange deposits would change the outlook by adding potential market supply to the current bearish structure.
According to AMBCrypto, Bitcoin traded near $63,736, down 0.32% on the daily chart after failing to sustain its upward move above $65.4K. The cryptocurrency hovered near $63K amid continued institutional selling pressure. Checkonchain's Capital Rotation data showed $5.05 billion outflows from Bitcoin, while stablecoins recorded an additional $1.5 billion outflow. This negative capital rotation indicates traders have shifted capital from Bitcoin to more promising assets, reflecting strong bearish sentiment from institutional investors. The selling pressure aligned with broader capital outflows from the crypto market, suggesting sustained institutional selling pressure.
As reported by AMBCrypto, the two transfers appeared neutral for now, but other Bitcoin treasury firms and large institutions continued selling. Empery Digital cut its Bitcoin holdings by 76%, while the Coinbase Premium Index remained negative for months according to CryptoQuant. Historically, when capital rotates out of Bitcoin, the market has experienced poor performance, suggesting potential extension of the current bearish structure if institutional transfers continue. The negative capital rotation suggests that traders have pulled their capital out of Bitcoin and have shifted to more promising assets, indicating strong bearish sentiment from institutional investors.
