Large asset management companies transfer $366 million in encryption assets, market interpretations vary.

2025-08-23 03:48:35

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According to reports, a large asset management company transferred $366 million worth of BTC and ETH to a virtual asset exchange, indicating a potential large-scale sell-off. According to data from the data platform, the company transferred 1,885 Bitcoins and 59,606 Ethers to the exchange on August 21, with a total value of $366 million.

The market has differing interpretations of this asset transfer. Some analysts believe it may be a simple portfolio rebalancing, while others think it could reflect a weakening sentiment among institutional investors. The company's large-scale virtual asset transfer has heightened market anxiety, especially in the context of Federal Reserve Chairman Jerome Powell's impending speech. According to data from the data platform, on August 22, the trading price of Bitcoin was $112,975.31, down 0.61% from the previous day; the trading price of Ethereum was $4,280.45, down 0.22%.

BTC-0.43%

ETH1.63%

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