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IRFAN ABID BUKHARI
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$BTC
Over 7,000
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worth $500M+ withdrawn from Coinbase, signaling potential institutional accumulation and bullish sentiment.
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IRFAN ABID BUKHARI
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:*ASTONISHING NEWS*: $500,000,000 in Bitcoin Through Coinbase — What's Happening? * $500 million in Bitcoin on move. * Bitcoin ETFs welcome $477.93 million in daily netflows. According to recently shared data by CryptoQuant, the biggest cryptocurrency trading platform in the U.S. jurisdiction, Coinbase, has been stunned with a cumulative withdrawal worth roughly half a billion dollars. An analyst of the aforementioned on-chain data company shared his take on what this withdrawal could mean for the crypto market. $500 million in Bitcoin on move CryptoQuant has noticed that the U.S. largest cryptocurrency exchange by trading volume, Coinbase, has seen cumulative withdrawals of more than 7,000 Bitcoins. This happened on April 25, according to the chart. This amount of crypto is worth approximately $500,000,000. Over 7,000 Bitcoin withdrawn from Coinbase. “Over $500 million worth of BTC was moved out of exchanges, suggesting whales are withdrawing Bitcoin for long-term holding or off-platform use (e.g., DeFi, cold storage).” On April 22, the amount of withdrawals came very close to $1.5 billion worth of Bitcoin. While the chart just shows withdrawals and deposits to exchanges, the CryptoQuant analyst Amr Taha names only Coinbase as the platform that suffered the mammoth withdrawals of BTC. The analyst explains these gargantuan withdrawals by several possibilities, but all of them come down to one thing — accumulation. It could be financial institutions scooping up Bitcoin, especially since institutions in the U.S. primarily prefer to use Coinbase. “Such large outflows often indicate long-term holding intentions,” the analyst stresses. Besides, these purchases could be related to spot Bitcoin ETFs and indicate “significant underlying demand.” Potentially, Amr Taha says, this could be signaling bullish investor sentiment.
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#SaylorBTCPurchase More buying tomorrow 🤔 Michael Saylor posted the Saylor #Bitcoin tracker again 👀 Strategy always announce another BTC purchase the next day.
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$XRP ETF *TOP BREAKING NEWS* 🆕 BREAKING: ✅️ The SEC has given the green light ! 🚀 ProShares Trust's $XRP ETF is set to launch on April 30 ! 📈 Is this the catalyst #XRP needs to surge ? 🤔
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#Bitcoin #Altcoin Friends, many people are commenting and asking that #Bitcoin is going up, but #Altcoin are not doing anything here. If you look at the last few years, first Bitcoin increased, then a momentum was seen in Altcoins. Be a little patient, the environment has started building up in the market!
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💥 Bitcoin's Next Breakout ? #bitcoin.” Despite a 20% surge from its recent bottom, funding rates on Binance Futures remain significantly negative. This unusual combination of bearish sentiment and strong price action hints at a potential breakout beyond Bitcoin's previous all-time highs. What's your take on this? Will Bitcoin continue to defy expectations ? Share your thoughts !
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