Thousands of Bitcoin leave Coinbase for the first time since June
Roughly 50,000 Bitcoin (BTC) were withdrawn from Coinbase on Oct. 18, making it the first time since June that such a massive amount of the flagship token has left the exchange. The chart below demonstrates the Bitcoin withdrawals from Coinbase since the beginning of the year with the orange line.
According to the chart, Coinbase has been steadily losing its Bitcoin reserves since late March. Withdrawals only accelerated after the Terra-Luna crash, which led to the coldest winter in crypto history. This left Coinbase with around 525,000 Bitcoins in its reserve — 22% lower than the nearly 680,000 Bitcoins it held at the beginning of the year. The chart above represents the Bitcoin balances held by all crypto exchange platforms, and it shows a steady decrease since the beginning of the year, in parallel with Coinbase.
Source
https://t.me/InvestmentTradingUpdates
