Metaplanet CEO Clears Up Bitcoin Sale Rumors

Bitcoin holders were on edge this week after a massive transfer of 5,014 BTC appeared on the blockchain. The funds, worth roughly 322 million dollars, were moved between custodial addresses held by Metaplanet. This activity sparked immediate fears that the firm might be selling off its holdings, causing a ripple of concern across the market.

CEO Simon Gerovich acted quickly to squash the rumors. He confirmed that the transfer was simply a routine custody operation and that not a single coin was sold. The company currently holds 43,000 BTC, and Gerovich noted that because their addresses are public, observers can track these movements in real time. The entire transaction cost only 8 dollars in network fees.

Despite the cleared up confusion, Bitcoin remains in a tight consolidation phase. It is currently trading near 63,500 dollars with low volume. Traders are now watching the 63,373 dollar level for support. If the price holds there, it may attempt a push toward the 64,000 dollar mark. If it fails, the price could face further downside pressure.

Looking ahead, market sentiment remains cautious. Data from prediction markets shows that bettors are currently tempering their expectations for major price gains in 2026. While some analysts see the current stability as a positive sign that the market has bottomed, others are wary of potential drops. For now, the market is waiting for a clear catalyst to break out of its current range.