caueconomy
High Activity on Coinbase PRO could indicate strong movement soon. đĽ
As the price compresses into current trading ranges, low volatility and high leverage can create the perfect scenario for a squeeze. Are institutional players at Coinbase already predicting this? Coinbase is known for having its volume mostly associated with institutional trading, so most of the flows there are made by companies or large players. This morning we had almost 50k Bitcoins being moved to/from the exchange, which resulted in a net flow of 39K BTC less to the exchange's reserves. Having moved 8.6K BTC in inflows and 48K BTC in outflows. This brings us to over 700 million dollars moved this morning alone, figures that do not coincide with retail activity and may be indicating that major players are expecting high volatility or are preparing to cause it.