TLDR:
Metaplanet moved 1,350 BTC to Coinbase Prime, while its reported Bitcoin holdings stayed at 43,000 BTC.
Bitcoin traded near $79,716, with $80,000 emerging as the next resistance level for market participants.
CoinGecko data showed Bitcoin gained 2.20% over seven days despite flat action during the past day.
Traders tracked the monthly close as Bitcoin formed higher lows and approached a key market pivot.
Metaplanet moved 1,350 Bitcoin to Coinbase Prime, renewing attention around the Japanese company’s large BTC treasury. The transfer carried an estimated value of $108 million and followed several recent deposits into the institutional platform.
Metaplanet still holds 43,000 BTC, acquired at an average price of $96,191 per coin. The move came as Bitcoin traded near $79,716, while traders monitored resistance, monthly positioning, and potential market direction.
Metaplanet Bitcoin Transfer Sends 1,350 BTC to Coinbase Prime
Lookonchain reported the latest transfer after identifying the movement through blockchain data. The 1,350 BTC deposit represented another sizable movement from Metaplanet-controlled wallets.
The company’s 43,000 BTC treasury carries a reported current value near $3.48 billion. Its stated average acquisition cost stands at $96,191 per Bitcoin.
Large transfers to exchanges can attract immediate attention because traders often watch them for potential selling activity. However, no sale appeared in the information provided with this transfer.
Previous deposits from the company involved custodial movements for operational purposes, including collateral management. Those earlier transactions did not result in confirmed Bitcoin sales.
Metaplanet has continued pursuing its Bitcoin accumulation strategy despite sharp swings across the wider crypto market. The latest wallet movement therefore adds another operational transaction without changing its reported treasury position.
Bitcoin Price Holds Near $80,000 as Monthly Close Approaches
CoinGecko data placed Bitcoin at $79,716.63, with 24-hour trading volume reaching $34.41 billion. The price showed a 0.01% gain over 24 hours.
Bitcoin also rose 2.20% over the previous seven days, according to the supplied CoinGecko figures. That advance brought the market closer to the $80,000 level.
Daan Crypto Trades described Bitcoin’s recent structure as a gradual climb. The trader pointed to marginally higher highs and higher lows.
According to Daan Crypto Trades, $80,000 remains the first major resistance level to break. The account said the current range could eventually give way to a larger expansion.
Killa said the approaching monthly close has become a key point for Bitcoin trading. The trader noted the strength of the current monthly candle.
Killa outlined several possible paths around the new monthly open. Those included a high sweep and reversal, or a selloff before renewed strength.
Another scenario involved a short pullback followed by a higher low. Killa said traders should watch price structure and sentiment into the monthly close.
For now, Metaplanet’s transfer and Bitcoin’s approach toward $80,000 remain separate focal points. The treasury move has not produced a confirmed sale.
