Oh, dear reader, gather ’round as we unravel the tale of a certain space-faring titan and its mysterious dealings with a digital coin…
SpaceX’s recent Bitcoin transfers have sparked a frenzy, with Twitter’s gnomes whispering of a grand sell-off. But is it truth, or merely the usual FUD?
On-chain data, that sly old fox, suggests a more nuanced tale. No confirmed liquidation, just a few curious moves.
SpaceX Bitcoin Sell Fears
Arkham, that sly old fox, has uncovered that SpaceX moved around 2,246 BTC in the past 12 hours-like a squirrel hoarding acorns, but with more crypto. 💡
The transfers include two large outflows totaling over $200 million, alongside several small inbound transactions from Coinbase Prime. A puzzle, indeed!
The company still holds over 5,012 BTC, valued at roughly $448 million. That means less than half of SpaceX’s tracked Bitcoin has moved-despite viral claims that the company transferred “all” of its holdings. 🤯
Crypto Twitter, ever the dramatic, rushed to interpret the outflows as a liquidation event. “They’re selling!” they cried, while the rest of us sipped tea and wondered if we’d missed a memo. 🍵
SpaceX is about to SELL all their Bitcoin. They’ve moved it all to an exchange, a move done only when selling.
– Jacob King (@JacobKinge) December 5, 2025
However, the receiving wallets are not labelled as exchanges, and no direct link to Binance, Coinbase or OTC liquidation desks has been confirmed. 🕵️♂️ This weakens the assumption that the transfers represent a planned dump. 🚫
There are also neutral explanations. SpaceX could be rotating wallets for security, consolidating funds, or shifting custody structure. Corporate treasuries regularly rebalance or upgrade storage without selling. 🔄
Also, this move could even be interpreted as potentially bullish. Funds may be headed toward OTC desks or multi-sig vaults instead of sell-side liquidity pools, which would apply no immediate market pressure. 🚀
Today, Bitcoin has dropped below $90,000 again, but it was mostly driven by US ETF outflows and macro fears from the Bank of Japan increasing interest rates. 📉
For now, SpaceX’s activity is notable, but not conclusive. Until the destination wallets link to a known exchange or distribution pattern appears, the claim that Elon Musk’s space giant is selling Bitcoin remains unproven. 🧐
The line between fear and fact is thin, and today, the noise is louder than the data. 🎭
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2025-12-06 01:07