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I am back with more news and more research related to BTC.
A recent chart from analysis provider Glassnode shows that on Sunday, April 11, a crypto-whale traded 12,638 BTC from the largest cryptocurrency exchange in the U.S., Coinbase.
BTC worth more than $750 million has left Coinbase.
⚠️ A Glassnode chart shared by the Moskovski Capital CIO shows that $ 769.5 million was withdrawn from Coinbase on April 11th. They left Coinbase in just ten minutes.
See more here
📉 So Earlier, there were some reports that financial institutions bought and withdrew large amounts of Bitcoin from Coinbase - in early March.
Financial institutions continue to buy Bitcoin as a measure of protection against inflation, even if the price of the cryptocurrency is currently close to its current highs.
On Sunday (April 11,21), BTC was trading at $ 59,846. However, the day before, Bitcoin even climbed to $ 61,500 but did not close here.
Another top cryptocurrency that grew on Saturday was Ethereum; Vitalik Buterin's growth rose to a new all-time high of $ 2,200.
Miners are Sending their BTC to Exchange Wallets
💰 Glassnode also shared data showing that cryptocurrency miners have recently moved their Bitcoins to exchange wallets.
According to the chart, the Miner-to-Exchange Flow indicator (7-day MA) reached a one-month high of 17,767 BTC.
However, it has previously been reported that BTC miners have started accumulating assets instead of selling them repeatedly for the first time in five months.
🔎 Feel free to read more here, just scroll down if you are not registered and Glassnode's conclusions.
With passion and research,
Feel free to check out an interesting article I have posted today in LeoFinance,
(Crypto)Love is In The Blockchain: Mina Protocol (MINA). Coinbase' New Fling - MINA Crypto Comprehensive Short Guide:
On Ecency: @regenerette/crypto-love-is-in-the-blockchain-mina-protocol-mina-coinbase-new-fling-mina-crypto-comprehensive-short-guide
Or, directly on leofinance.io: @regenerette/crypto-love-is-in-the-blockchain-mina-protocol-mina-coinbase-new-fling-mina-crypto-comprehensive-short-guide
PS: THANK YOU for reading!
