Hut 8: Transfers 1,617 BTC to Fresh Wallet

Hut 8 transferred 1,617 BTC valued at $121.32 million to a new address five hours ago, according to Onchain Lens. The move registers as a wallet consolidation rather than a confirmed sale, with further on-chain activity to be monitored.

Bitcoin trades at $74,871.03 inside the Bollinger Bands on the 4-hour chart, with price testing the upper band resistance at $76,766.79 while the RSI sits neutral at 43. The MACD shows a bullish golden cross yet the structure remains bearish beneath the EMA50 at $76,517.54 and EMA200 at $79,778.70, pointing to a likely retracement toward the lower band support near $74,074.92 before any sustained advance.