Glassnode: Over 18,000 Bitcoins were withdrawn from Coinbase
According to data from Arkham Intelligence, Glassnode, and Coinglass, more than 18,000 bitcoins were withdrawn from Coinbase during today's Asian session. The massive outflow of nearly $1 billion severely impacted Coinbase's exchange balance. These funds were sent to several different addresses, with new wallet balances ranging from $45 million to $171 million, and all UTXOs from the initial transaction have been spent. Coinbase currently holds about 390,000 bitcoins, worth about $20.5 billion. This balance is less than 2% of the total supply of bitcoins on the exchange, the lowest percentage since 2015.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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