Crypto News

Institutions withdrew 48,000 BTC from Coinbase, and CEO of CryptoQuant anticipates a price increase

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The CEO of CryptoQuant said financial institutions have removed 48,000 bitcoins from Coinbase, which traditionally indicates a rise in price.

According to the CEO of CryptoQuant, financial institutions have removed 48,000 bitcoins (BTC) from Coinbase, which traditionally indicates a rise in price.

Related to Bitcoin, Peter Schiff asserts that BTC may cause the next leg to fall Santiment data aggregator has noted that whales have been buying up Bitcoin recently. Hodlers Whales’ BTC holdings soar to ATHs.

Small and mid-sized wallets that hold between 0.1 and 10 BTC have grown their supply of the top cryptocurrency to a historic peak of 15.9% of the circulating supply, according to its most recent tweets.

Since February of last year, the number of large wallets (10,000–100,000 BTC) has risen sharply and reached a peak.

However, wallets containing 100–10,000 Bitcoins have decreased to a three-year low and now hold 45.6% of the total quantity that is in use.

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