Bitcoin (BTC) holders are reducing exposure even as the asset recovers from a five-month losing streak. Lookonchain reported that Riot Platforms, one of the largest US-based Bitcoin miners, sold 500 BTC worth approximately $34 million. In a separate post, the on-chain tracker flagged that  Bitcoin treasury firm Empery Digital transferred its remaining 1,795 BTC to Gemini. However, such transfers do not necessarily signal an imminent sell-off, as they may also reflect internal fund management, custodial shifts, or preparations for other strategic activities