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Coinbase sees major Bitcoin withdrawal, holds lowest confirm | Bitcoin News

Coinbase sees major Bitcoin withdrawal, holds lowest confirmed supply since 2015

Data unveiled during Asia hours from Coinbase revealed a sizable withdrawal of over 18,000 Bitcoin, as confirmed by Arkham Intelligence, Glassnode, and Coinglass. This substantial outflow of nearly $1 billion has significantly influenced Coinbase’s exchange balance. The funds have been sent to several different addresses with the Bitcoin split across new wallets. Balances in the new wallets range from $45 million to $171 million, with all UTXOs from the original transaction having been spent.

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