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@lookonchain @Metaplanet So they are selling?

@lookonchain @Metaplanet Seeing huge Arkham transfers makes me worried

@lookonchain @Metaplanet Moving to Coinbase just to dump or are they actually selling now?

@lookonchain @Metaplanet 🔼 This is where it matters

@lookonchain @Metaplanet $96,191 is a different neighbourhood from where the perp desk lives. On Hyperliquid: 0x92ea19 long $102.63M from 76,117.3, 0x362ad6 short $29.84M from 73,863.9. Bitcoin is 80,865. Whale book 92% long, retail 50%. Three entry prices, three very different moods. x.com/BetGeight/status/2092087…

@lookonchain @Metaplanet more on their broader strategy here: cryptoninjas.net/news/metaplan…

@lookonchain @Metaplanet Worth noting: a deposit to Coinbase Prime isn't necessarily a sell signal. Prime is commonly used for institutional custody, not just liquidation. Would want to see if it moves to a trading wallet before reading this as bearish.

@lookonchain @Metaplanet Lmao… so much misinformation in this tweet.

@lookonchain @Metaplanet lol @DylanLeClair y’all are Bitcoin miners now, huh? 😂

@lookonchain @Metaplanet End of game 📉

@lookonchain @Metaplanet A deposit isn't a sale, but nobody parks 1,000 BTC on Coinbase Prime by accident. The sharper detail is the average. At $96K a coin, they're still underwater on the whole stack even after this rally.

@lookonchain @Metaplanet classic prime deposit panic again. people forget institutional custody is a thing

@lookonchain @Metaplanet prime deposits always get misinterpreted, it's just custody man

@lookonchain @Metaplanet Bad move

@lookonchain @Metaplanet They've been waiting for BTC to pump before they dump

Quick fact-check on this: Metaplanet holds 43,000 $BTC (as of latest official disclosures) at an average cost near $96k - that part checks out. The ~1,000 BTC move into Coinbase Prime is visible on Arkham and is consistent with prior custody transfers (CEO has previously confirmed similar moves were routine ops, not sales). One correction: Metaplanet is a Bitcoin treasury company (Japan’s leading corporate BTC accumulator), not a Bitcoin miner. They buy and hold via capital markets rather than mining. Sources: - Company Q2 disclosure / CEO updates confirming 43k BTC - Arkham entity: arkm.com/explorer/entity/metap… - Prior clarification example: blockonomi.com/metaplanet-conf… Always good to separate on-chain flows from business model details. DYOR.

@lookonchain @Metaplanet I don't buy the liquidity argument. $3.48B in one buy? Strange

@lookonchain @Metaplanet Coinbase Prime isn't a sell button

@lookonchain @Metaplanet What?? 😂😂😂

@lookonchain @Metaplanet Is this the top2 $BTC holding wallet?

@lookonchain @Metaplanet Coinbase Prime isn't a sell button, but 1,000 BTC is a loud way to test nerves

@lookonchain @Metaplanet For sell

@lookonchain @Metaplanet miner? lol

@lookonchain @Metaplanet for every seller is buyer

@lookonchain @Metaplanet Sell

@lookonchain @Metaplanet buying $BTC at that price looks risky hope they know what they're doing

@lookonchain @Metaplanet @Metaplanet selling again? Don't panic, they still have 42,000 $BTC haha.

@lookonchain @Metaplanet Coinbase Prime isn't a sell button. Watch the next hop before panicking

@lookonchain @Metaplanet Metaplanet selling into the strength 👀

@lookonchain @Metaplanet Not every Coinbase move is a sell signal

@lookonchain @Metaplanet Bright orange logo yet massive dark transfers

@lookonchain @Metaplanet selling or just moving? either way big stack

@lookonchain @Metaplanet Buy high and sell low like saylor

@lookonchain @Metaplanet You are obsessed with Metaplanet deposits, don’t you expect them to give you explanations every deposit right

@lookonchain @Metaplanet You put cost and market value in the same sentence. 43,000 coins at 96,191 ran 4.14 billion. Today the stack is worth 3.48. Metaplanet is 660 million underwater and the thread is arguing about a wallet hop.

@lookonchain @Metaplanet Worth noting: Metaplanet's $96,191 average cost basis sits ~16% above spot

@lookonchain @Metaplanet Dylan LeClair came in as a board member to handle bitcoin strategy & had them fomoing buying the top and getting paid handsomely for it. Some strategy @Metaplanet