Hut 8 is trading 10.16% down at $68.36, as a report links selling to wallet activity.
- An October 16 report cited trackers identifying roughly 1,966 BTC transferred from company-linked wallets to exchanges and OTC desks over seven days, raising liquidation concerns; this does not confirm a sale.
- It also cited sector, analyst-target and insider-sale concerns. Nasdaq fell 2.20% amid AI-infrastructure financing and rate concerns; Bitcoin and Ethereum fell 1.17% and 1.74%, respectively, since the prior close—less than Hut 8.