$117,869.00
0.11%$3,582.72
1.02%$3.42
1.14%$731.88
-0.12%$175.97
-0.39%$0.999871
0.00%$0.241128
2.97%$3,575.97
1.26%$0.317961
-2.17%$0.825639
1.96%$117,595.00
-0.01%$4,323.26
1.28%$44.34
0.04%$0.461955
2.39%$3.82
1.33%$18.30
3.16%$0.267016
4.07%$24.44
4.34%$513.77
0.10%$3,837.63
1.31%$0.00001488
2.03%$113.06
12.01%$3,583.90
1.19%$8.98
0.08%$3.20
0.65%$0.999892
-0.01%$0.99973
-0.12%$4.36
3.74%$44.12
0.22%$117,837.00
-0.07%$10.11
-0.67%$322.06
1.14%$1.001
0.05%$0.00001339
2.35%$4.90
1.24%$317.35
-1.46%$0.120664
2.89%$412.85
0.42%$23.64
2.98%$2.91
4.69%$1.18
-0.01%$5.29
-0.79%$0.443215
-0.84%$1.025
2.48%$5.75
1.29%$48.91
0.98%$214.49
-0.07%$0.437363
11.57%$0.801374
2.14%$1.00
0.00%$0.00003314
2.03%$0.291026
-0.08%$0.095113
3.70%$0.463445
2.93%$0.0276635
2.98%$4.98
2.89%$0.999719
-0.07%$3,581.89
0.91%$0.238622
1.69%$4.14
2.91%$17.08
0.68%$0.777551
3.17%$0.349915
1.10%$10.12
1.44%$1.15
0.80%$4.52
0.13%$0.03077169
-0.91%$2.78
1.55%$0.083649
-1.13%$1.06
-0.01%$186.88
-0.32%$1.84
4.76%$3,750.80
0.93%$4,079.99
0.82%$117,568.00
-0.17%$113.33
0.10%$0.542694
1.89%$4.93
0.03%$12.00
0.61%$0.093046
9.51%$0.997976
0.06%$0.999812
-0.00%$0.00408115
-2.99%$1.43
6.60%$1.99
0.76%$0.02023115
2.07%$14.11
3.47%$4.66
-1.25%$1.001
-0.07%$0.98216
0.89%$3,765.57
0.82%$1.34
1.31%$0.841935
2.17%$0.756379
1.30%$0.00013702
1.36%$3,808.71
-0.12%$3,871.39
1.10%$0.382899
1.26%$3,773.24
0.83%$118,204.00
0.43%$1.00
-0.01%$0.613646
5.70%$1.77
2.22%$0.109511
3.08%$197.79
-0.22%$1.074
6.82%$0.968351
40.04%$1.11
5.95%$0.999017
-0.11%$0.165174
-0.76%$731.32
-0.27%$0.601287
4.48%$117,934.00
0.15%$3,358.42
0.15%$27.88
2.04%$1.11
0.08%$2.65
-0.35%$117,675.00
-0.19%$0.232533
2.68%$0.8995
3.12%$0.01923317
3.41%$230.57
-0.15%$0.999977
0.03%$3,351.40
0.15%$0.01695064
1.45%$0.326433
1.84%$3,583.03
1.00%$9.67
-13.38%$3,823.06
0.19%$0.131246
1.07%$3,758.59
2.05%$2.79
1.51%$0.866295
-3.35%$4.46
0.19%$44.43
0.63%$0.269948
-1.22%$111.86
0.00%$0.00000071
-0.09%$3.75
-0.11%$1.94
1.31%$0.429908
3.92%$0.998777
0.06%$1.00
0.02%$117,642.00
0.14%$0.335067
2.00%$1.99
-2.30%$3,583.79
1.12%$1.089
0.87%$0.01840549
0.39%$0.00684518
6.71%$0.00000159
4.60%$0.241067
2.49%$30.53
3.72%$0.00875169
-0.77%$0.432373
-0.76%$117,840.00
0.07%$0.997747
-0.01%$0.058869
5.50%$1.65
1.95%$0.00985049
8.29%$0.348286
-0.60%$117,893.00
-0.04%$3,810.58
0.87%$3,574.83
1.38%$0.538036
-1.56%$0.675458
0.99%$0.105604
2.31%$1.001
-0.01%$1.28
2.35%$0.9998
-0.01%$0.073775
0.15%$3,583.93
1.00%$44.35
-0.07%$3,954.95
0.92%$1.16
0.03%$0.508345
-0.20%$0.14069
2.62%$0.669964
1.47%$7.08
3.06%$0.997631
-0.17%$0.196431
4.38%$7.42
1.00%$51.50
0.12%$1.54
2.95%$16.93
1.66%$3,876.22
0.15%$0.224273
5.15%$0.00002343
6.26%$0.388671
-0.27%$0.00000046
-0.99%$0.423268
0.86%$0.425893
0.91%$2.69
2.51%$0.318212
1.40%$10.75
0.00%$3,576.56
1.20%$0.059844
1.77%$44.29
-0.38%$0.04344232
3.10%$0.090033
1.83%$0.161448
-2.08%$3,579.92
1.01%$7.21
-9.10%$1.093
-0.01%$0.999901
-0.00%$1.00
-0.44%$0.605302
5.39%$0.996976
0.28%$4,322.36
1.71%$0.00400859
1.53%$1.63
0.74%$117,498.00
1.80%$0.999814
0.01%$146.49
0.75%$0.0074577
2.31%$29.78
3.92%$0.389076
4.54%$192.86
0.13%$0.843778
1.49%$0.00548397
2.53%$0.832723
4.47%$0.374196
1.24%$0.570362
0.84%$12.73
0.27%$1.36
-0.40%$24.51
4.19%$0.0374799
-1.86%$0.00006616
-0.68%$4.42
7.18%$0.01878067
-2.30%$0.00400287
12.09%$117,698.00
0.03%$3,743.33
0.32%$21.35
-0.01%$0.03281265
2.83%$0.238447
1.88%$0.827811
1.10%$0.00407075
1.02%$0.744184
-0.09%$3.85
9.05%$0.337964
0.66%$4,032.02
1.10%$0.998576
-0.01%$0.999091
0.05%$1.062
-0.47%$0.999767
-0.01%$7.18
-1.00%$0.49983
1.64%Reading
Significant amounts of Bitcoin (BTC) have been flowing out of crypto exchange Coinbase lately, and this could be a strong, bullish signal according to crypto data firm CryptoQuant's CEO Ki Young Ju today.
According to CryptoQuant’s data, just yesterday over 15,200 BTC—worth nearly $500 million—flowed out from Coinbase Pro. This was likely due to huge over-the-counter (OTC) trades made by institutional players, Ju asserted.
“[Bitcoin] went to custody wallets that only have in-going transactions. It's likely to be OTC deals from institutional investors,” he tweeted, adding, “I believe this is the strongest bullish signal.”
According to Ju, this outflow of Bitcoin was moved in transactions ranging from around 1,100 BTC ($35 million) to 4,400 BTC ($150 million). While this could have been transactions between different wallets held by the exchange, there is usually no reason to split large wallets into smaller ones. Additionally, Coinbase’s custody service is integrated with its OTC desks, which further points towards OTC activity, Ju added.
Massive Coinbase outflows. 15k $BTC at 32.4k
Looking at the TX, it went to custody wallets that only have in-going transactions. It's likely to be OTC deals from institutional investors.
I believe this is the strongest bullish signal.
Chart 👉 https://t.co/20Dz85Y5mG pic.twitter.com/W2G7M9lpm1
— Ki Young Ju 주기영 (@ki_young_ju) February 1, 2021
While institutional traders use OTC desks when they want to buy or sell large amounts of an asset without sending some ripples across the market, these purchases can still affect Bitcoin’s price. This is because markets have a tendency to balance themselves out, so when the supply of something is reduced—and demand from retail investors stays the same—OTC deals could lead to an upward price momentum anyway, albeit a delayed one.
As Decrypt reported, large institutional companies are steadily buying more Bitcoin lately. Grayscale alone holds around $23 billion in its Bitcoin Trust, for example, while BlockFi has recently submitted its registration form for a similar trust. So while the price may have retraced from its Elon Musk-fuelled high, demand is going through the roof.
Minutes after President Donald Trump signed the GENIUS Act into law, the CEOs of the world’s two largest stablecoin issuers laid out their plans for complying with the landmark legislation, with each making the case that their own company is better suited to America’s new regulatory landscape. Paolo Ardoino, CEO of Tether, the world’s top stablecoin issuer, told Decrypt Friday his company intends to make sure USDT—its flagship dollar-pegged token—complies with the GENIUS Act’s regime for foreign...
Charles Schwab would like to issue its own stablecoin, its CEO Rick Wurster told analysts in an earnings call Friday, adding the firm to a growing list of traditional finance giants exploring the tokens as the U.S. prepares to enshrine stablecoin regulation into law. "Stablecoins are likely to play a role in transacting on blockchains and that's something we do want to be able to offer,” Wurster said. The executive's comment on offering a dollar-pegged token comes as Schwab aims to deepen its...
Bitcoin treasury giant Strategy has always been coy about naming its BTC custodians. But people outside the firm do know who they are. For starters, Strategy has repeatedly cited its “various custody arrangements”—there is no one exclusive custodian that’s holding onto its nearly $72 billion worth of BTC on the company’s behalf. A spokesperson for Coinbase confirmed it is one of Strategy's custodians when asked by Decrypt—but stressed that MSTR has previously named Coinbase as one of its custodi...
