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Coinbase experienced a significant withdrawal of 16,100 BTC, valued at approximately $1.1 billion, in just two transactions on March 28. This marked the third-largest outflow in a year. The exchange has seen over $9.5 billion in BTC withdrawals since the debut of US spot ETFs, with March 27 witnessing a daily withdrawal of 22,000 BTC ($1.54 billion), the third-largest move in 2024. Major whale accumulation is suggested by the massive withdrawals, with billions in BTC leaving Coinbase in March.
🔥 Yesterday $1.1 billion worth of BTC was withdrawn from Coinbase, which is the 3rd largest withdrawal this year This year, all the largest BTC withdrawls from Coinbase have happened in march 👀 https://t.co/Sj3oFcz9bH
Over $1 billion in Bitcoin left Coinbase yesterday, hinting at major whale accumulation. March saw billions in BTC move out in three major withdrawals. https://t.co/0J68XioNDs
Withdrawal Wave Hits Bitcoin - Exchange withdrawals surge to a 3-year high as #Bitcoin bulls dominate. - Over $9.5B in BTC pulled since US spot ETFs debuted. - March 27 saw 22,000 BTC ($1.54B) withdrawn - the third-largest daily move of 2024. - Exchange balances at their… https://t.co/fmQ6SNuAce
