“Whales” withdraw almost US$1 billion in Bitcoin from Coinbase🚨

Whales-withdraw-almost-US1-billion-in-Bitcoin-from-Coinbase

Coinbase, a leading cryptocurrency exchange, recently faced a significant withdrawal of Bitcoin, resulting in the smallest confirmed reserve of the digital currency since 2017.

More than 18,000 BTC, equivalent to almost US$1 billion, were removed from the platform.

This substantial withdrawal of Bitcoin from Coinbase resulted in the funds being distributed across several new wallets, with values ranging between $45 million and $171 million.

Following this move, Coinbase's public order book now holds around 394,000 Bitcoins, valued at more than $20.5 billion.