Coinbase, one of the world’s most popular cryptocurrency exchanges, has released 30,000 Bitcoins.
Young Ju, CEO of CryptoQuant, which shares on-chain analytical data, shared on Twitter from Coinbase. There is an exit of 30 thousand bitcoins stated. In addition, the CEO thinks that these exits are due to corporate demand. The reason for this is US President Joe Biden.n shows that there is no clause in the executive order against it.
Some Twitter users thought it might be drawn to cold wallets, but Ju:
Some Bitcoins have been sent to cold wallets but it doesn’t seem like a large amount. It was sent to Coinbase’s custodian wallets for use in over-the-counter (OTC) deals, possibly on requests from institutional companies.
made a statement.
Also, CryptoQuant’s CEO, Ju, shared a chart stating that the price of bitcoin usually rises after such big breakouts.
On March 11, approximately $1 billion 35,000 BTC, It had moved from Coinbase to unknown wallets and was at the time 38,500 bitcoin located around 48,500 after 2 weeks It was up to dollars.
About the last 24 hours 1.5% falling BTC at the time of writing 40,190 traded in dollars.