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@asmbyk
Moved 8K Bitcoins belonging to ℹ️Coinbase that have not been moved since 2020. Since the wallet is old, it gives a high cdd of "19:08:40" in the on-chain metrics. The issue of moving old Bitcoins, similar to what Coinbase did, is not something to be feared, I have explained it before. When there is a demand on the ETF side, Coinbase moves its old Bitcoins, piece by piece, to newly opened wallets. When there is demand, it distributes it OTC to the ETF side. It can also signal that there may be a demand on the ETF side in the near future. We have tested it many times before, and after these inflows, we would see high inflows on the ETF side in a short time. The immediate price impact of this move is neither good nor bad. I leave the visual details below.
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