CryptoQuant: A certain whale withdrew nearly one billion dollars worth of Bitcoin from Coinbase last weekend
According to a report by CryptoQuant, a certain whale withdrew over 18,000 bitcoins (worth about $1 billion) from CEX last weekend. These bitcoins were then distributed into multiple new wallets, each with a balance value between $45 million and $171 million. This move by the whale caused CEX's bitcoin reserves to drop to 394,000 BTC, worth approximately $20.5 billion, hitting its lowest level since 2017.
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