Hut 8: Deposits 1,589 BTC to Exchanges

Hut 8 appears to be selling BTC after a wallet linked to the firm deposited 1,589 BTC ($130M) into multiple exchanges over the past two days, according to @lookonchain. The company still holds 10,278 BTC worth $845.6 million.

BTC trades at $82,316.32 on the 4-hour chart inside a bearish structure where the EMA50 at $82,929.75 caps upside while the EMA200 at $82,238.27 offers nearby support. The MACD golden cross at -323.72 hints at building momentum yet the neutral RSI at 47.82 keeps price contained within the Bollinger Bands, with the upper band at $84,426.63 marking the next volatility target before any sustained move higher.