According to Arkham Intelligence, the transaction was split into two — one for 498 BTC and another for 499 BTC. This move comes as institutional investors adjust their positions amid market fluctuations.

While Ark is adding Bitcoin, it has also sold around $9 million worth of Bitcoin ETFs, following a trend where over $1.1 billion has exited spot Bitcoin ETFs recently.

Bitcoin is currently struggling to break past $83,700, with fears of a potential drop to $75,000. However, Cathie Wood remains confident, having previously predicted that Bitcoin could hit $1 million by 2030.

Bitcoin’s 200-day moving average sits at $82K

In its monthly report, Ark Invest revealed that short-term Bitcoin bears are paying an average of $92,020 per BTC, while the 200-day moving average — a key support level — currently sits at $82,000.

The report also highlights that Bitcoin’s Fear & Greed Index has hit a two-year low, reflecting “extreme panic” not seen since 2017.

A potential bullish sign is that Bitcoin’s Spent Output Profit Ratio (SOPR) has reset to 1, meaning sellers are breaking even rather than taking losses. Historically, this metric has marked the turning point before price recoveries.

Ark’s ‘Bitcoin Reacts to Trump’ report attributes the market downturn to slowing Bitcoin circulation and declining consumer sentiment, particularly in the U.S. amid political uncertainty.

"Consumers and businesses seem to be more cautious amid uncertainty associated with the U.S. political transition," the report states.