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CoinDesk - by layer3.news
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2025-02-06 10:30:39
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Bitcoin Worth $1.6B Leave Exchanges in Biggest Bullish Outflow Since April: Research Analyst


CoinDesk (nprofile…nhef)
✍️ Centralized exchanges saw a net outflow of over 17,000 BTC, worth $1.6 billion, on Wednesday, with Coinbase processing net withdrawals of over 15,000 BTC.
👉 Centralized exchanges saw a net outflow of over 17,000 BTC, worth $1.6 billion
👉 Coinbase processed net withdrawals of over 15,000 BTC
👉 Whales may be buying the dip, according to Bitwise's head of research, Andrew Dragosch
👉 Cumulative negative netflow of 47K BTC across all crypto exchanges on Wednesday
👉 Coinbase split four addresses totaling over 20K BTC into 60 addresses, hinting at possible major purchases by ETFs or MicroStrategy

#AndrewDragosch #EricTrump #DonaldTrump #technology
CoinDesk (nprofile…nhef)

Coinbase alone registered a net outflow of over 15,000 BTC Wednesday, hinting at a major institutional purchases of coins.
https://www.coindesk.com/markets/2025/02/06/bitcoin-worth-usd1-6b-leave-exchanges-in-biggest-bullish-outflow-since-april-research-analyst

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