Coinbase sees massive $1 billion Bitcoin withdrawal
The event, occurring on Mar. 1 during Asia trading hours, involved a transaction of approximately 16,000 BTC, or roughly $1 billion. Confirmations from multiple platforms, including Santiment, Arkham, and Coinglass, have validated this information. According to data from Santiment, Coinbase saw a significant drop in holdings, falling from approximately 398k to 381k BTC. Coinglass, another digital asset monitoring platform, echoed these findings, confirming the departure of 16k BTC from the exchange.
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