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Bitcoin balances on exchanges have reached an all-time low, with 98,000 Bitcoin (approximately $6.75 billion) withdrawn in the last month, primarily from Kraken and Coinbase. Specifically, 54,500 Bitcoin (around $3.8 billion) were withdrawn from Kraken and 25,200 from Coinbase. This trend could lead to a price increase if demand remains stable or rises, according to 10X Research. Additionally, a significant $1 billion worth of Bitcoin was moved off Coinbase to new wallets, indicating potential whale activity.
According to Lookonchain, a wallet that has been dormant for 5.5 years transferred 8,000 BTC (about $535.64 million) from Coinbase cold wallet to Binance today. The wallet received 8,000 BTC on December 6, 2018, when the BTC price was $3,810. https://t.co/9CEyrSn9JG
$1 billion worth of #Bitcoin just moved off Coinbase. Whales buying the dip big time? š https://t.co/TGeclb7Ni4
Whale š³ Trades: 1hr ago $1b of Bitcoin moved off @coinbase to new wallets 1BL4md and 1ABww1 NOTE: We have no idea of knowing if this was "bought" off Coinbase or if it was "moved" to self custody from Coinbase and bought before. However from the charts I would say this was aā¦ https://t.co/S8QAslPOLY
