SpaceX Transfers 1,163 Bitcoin to New Wallet
- SpaceX moved 1,163 Bitcoin valued at $105 million to a new wallet.
- This transaction follows a previous transfer of $268 million in Bitcoin last month.
- The funds are believed to be moved for custody purposes rather than being sold.
- SpaceX’s wallet currently holds a total of 6,095 Bitcoin, approximately worth $553 million.
- Bitcoin is trading near $91,000, with a recent increase of 3.5% over the past 24 hours.
Trading Analysis
Trading Signal: BULLISH (Score: +7)
The transfer suggests strong institutional interest and custody accumulation by SpaceX.
Price Levels:
Current: $91,000
Support: Not specified | Resistance: Not specified
Recent Range: Not specified – Not specified
Catalysts & Timeline:
• Near-term: None mentioned
• Upcoming: None mentioned
Risk Assessment:
• No specific risks identified in the source.
A crypto wallet linked to SpaceX transferred 1,163 Bitcoin worth $105 million for custody reasons. The company’s wallet now holds a total of approximately $553 million in Bitcoin. Trading analysis indicates a bullish outlook for Bitcoin given the institutional interest from SpaceX.
Source (3.2)https://cryptobriefing.com/spacex-bitcoin-transfer-wallet-november/?rand=59535
