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Tesla's $BTC Relocation: No Cause for Alarm

Recent concerns about #Tesla selling its #Bitcoin holdings have been debunked by Arkham Intelligence experts. The movement of 11,509 BTC (approximately $772 million) that sparked market speculation was merely a redistribution rather than a sale.

This clarification comes at a crucial time, with Bitcoin recently testing the $69,000 level before settling around $67,000. Given the current market dynamics, confirmation that Tesla is maintaining its position helps stabilize market sentiment.

The complete picture will emerge on October 24 when Tesla releases its Q3 2024 financial report, providing official confirmation of their cryptocurrency holdings.

What are your thoughts? Do you see Bitcoin reaching new all-time highs before year-end?