The developers of the Cosmos Network have transferred 295.3 Bitcoins, marking the first large-scale transfer in almost two years. Some of the BTC sold may have come from funds raised during Cosmos' Initial Coin Offering in 2017. The developers have also sold $78.67 million worth of ETH this year. Despite these transfers, the team still holds a significant amount of BTC and ETH from their ICO raise. These transactions could be part of a strategy to profit from the recent market downturn. Large-scale BTC sales can increase selling pressure and potentially drive prices lower. Technical analysis suggests a bearish trend for BTC, but a bullish reversal is also possible. This is a critical moment for BTC with no clear price direction.



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