Hut 8 moves 1,617 BTC again, raising odds of further cashing out

Hut 8 transferred another 1,617 BTC worth about $121 million around two hours ago, a move seen as likely tied to selling, according to on-chain analytics platform Lookonchain. In October last year, the mining company sold 2,148 BTC at an average price of about $81,657, securing $175 million and using the proceeds for share buybacks.