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Recent large cryptocurrency withdrawals have been observed from major exchanges. A wallet withdrew 2,475 BTC ($153.66M) from Binance, while another whale withdrew 100k PENDLE (~$313k) from Binance. Additionally, a whale withdrew 238k UNI ($2.74M) from Binance. In a separate incident, 16,000 BTC (approx $1 billion) was moved from Coinbase to unknown wallets during Asian trading hours, causing Coinbase's BTC holdings to drop from 398k to 381k. This significant Bitcoin withdrawal from Coinbase indicates a market shift towards reduced liquidity and limited supply, suggesting long-term investment strategies by investors.
Coinbase sees a massive $1 billion Bitcoin withdrawal, signaling a shift in the market. The drop in Bitcoin volume hints at positive momentum by reducing liquidity and restricting available supply. This move suggests investors are gearing up for the long haul. https://t.co/mWoNxX7nbo
A fresh wallet withdrew 2.99M $ARKM($7.38M) from #Binance in the past 1 hour. https://t.co/Hx6PUTGOge https://t.co/xCjBzj08pc
Breaking; 4hrs ago March 1 during Asian market the largest Bitcoin withdrawal seen in a long time from @coinbase to unknown wallet. 16000 Bitcoin or $1b š https://t.co/lQPR72IulF