Before Grayscale won the lawsuit against the SEC, nearly 30,000 BTC were transferred to CEX
ChainCatcher news, according to CoinDesk, based on data tracked by the analytics company Santiment, nearly 30,000 BTC (worth $822 million at the current market price of $27,400) were transferred to addresses associated with centralized trading platforms before the key ruling between Grayscale and the SEC. This ruling caused the price of Bitcoin to surge by 6%, pushing BTC to $28,000.
Santiment stated that the supply of Bitcoin on trading platforms significantly increased before Grayscale won the lawsuit. It is evident that the relevant authorities knew this outcome would inevitably boost the market capitalization of the crypto market.
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