Amr Taha2025-04-25

Over 7,000 Bitcoin have been withdrawn from Coinbase exchange.

Negative netflows from Coinbase Advanced suggest accumulation. These could be signs of: * Institutional buying: Coinbase is a primary gateway for U.S. institutions; such large outflows often indicate long-term holding intentions. * ETF-related movements: If tied to Bitcoin ETFs, this could mean significant underlying demand. * These large outflows typically suggest accumulation by institutions or large investors, potentially signaling bullish sentiment. * If this aligns with increased spot demand or ETF inflows, it could reinforce a supply squeeze narrative. BTC price above 1d ~ 1w UTXO Age Band : When the market price crosses and stays above the realized price, it typically suggests that market sentiment is positive, and investors are in profit. This can attract more buying, pushing the price higher. Whale screener Key Observations: Large BTC Outflow: Over $500 million worth of BTC was moved out of exchanges, suggesting whales are withdrawing Bitcoin for long-term holding or off-platform use (e.g., DeFi, cold storage). This is typically a bullish signal, indicating reduced selling pressure. Significant ETH Withdrawals: More than $150 million in ETH left CEX, which could imply accumulation or preparation for staking/DeFi activities. Like BTC, this may reflect bullish sentiment.