Posted 4/2/2024, 4:11:19 PM
Major Bitcoin Accumulation: $1.2B in BTC Exits Coinbase as Investors Move to Secure Wallets
- 17,000 BTC (worth $1.2 billion) withdrawn from Coinbase exchange in major Bitcoin outflow
- Second significant BTC withdrawal from Coinbase in a week after 16,800 BTC exit
- Suggests major buying moves, possibly from institutional investors using Coinbase
- Bitcoin moving to more secure, private wallets off exchanges, reducing supply
- Seen as bullish sign that investors buckling down for long term, accumulating Bitcoin
