@mando
š¢ Around 100,000 Bitcoin flowed out of Coinbase into cold wallets today. Yes, you read that right ā one hundred thousand BTC.
āļø Cold wallets are typically used by long-term holders. When we see U.S. investors moving this much BTC off Coinbase, it signals growing long-term demand for Bitcoin in the U.S. In addition, institutions often use Coinbase, and purchases of this size are usually made by institutional players.
Seeing institutional demand rise right after a sharp drop is a strong and positive signal.
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