Researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase.
BTC Whale Transfers $940 Million Out of Coinbase — 3 Batches of 'Sleeping Bitcoins' From 2011 Move
On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher’s summary of the situation, a large portion of the funds were old coins.has been trading under the $20K region and trading sideways, observers have witnessed a number of old coins move onchain. The onchain movement comes at a time when market volatility is expected.
“The bitcoin market is primed for volatility, with both realized and options implied volatility falling to historical lows,” Glassnode on October 17. “Futures open interest has hit new all-time-highs, despite liquidations being at all-time-lows. Volatility is likely on the horizon, and Bitcoin prices rarely sit still for long.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase Threatens to Sue Crypto Traders Who Profited From Pricing Glitch.Coinbase, the world’s second-largest cryptocurrency trading platform by volume, is hinting it may sue about 1,000 users in the republic of Georgia for taking advantage of a pricing glitch.
Read more »
Institutions 'moving very, very fast' into Crypto: Coinbase execInstitutional inertia and the switching costs associated with new assets often plague a nascent industry in its early days. But not crypto, says Coinbase exec John D’Agostino who expects institutional interest to keep coming.
Read more »
Bitcoin price 'easily' due to hit $2M in six years — Larry LepardRemember bullish BTC price forecasts? LawrenceLepard is betting on $2 million Bitcoin.
Read more »
48,000 BTC Withdrawn by Institutions from Coinbase, CryptoQuant CEO Expects Price SurgeFinancial institutions have moved 48,000 Bitcoins from Coinbase; historically this signifies a price surge, CryptoQuant CEO believes
Read more »
Bitcoin (BTC) Prices Trade Sideways – Is This Make or Break for BTC?Bitcoin prices remain rangebound - 2017 high holds as critical resistance. BTC/USD threatens trendline resistance, but bears fight back. USD weakness boost stocks while cryptocurrency lag.
Read more »
Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC – Bitcoin NewsThe number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates.
Read more »