$120,007.00
1.45%$3,589.72
7.57%$3.59
17.61%$736.17
3.68%$180.97
6.25%$0.999899
0.00%$0.234785
12.49%$3,583.39
7.53%$0.85807
14.63%$0.32601
4.96%$119,901.00
1.49%$46.12
-0.31%$0.494607
8.70%$4,325.12
7.45%$4.02
2.77%$18.78
14.04%$0.284052
22.18%$24.32
9.52%$512.79
4.09%$3,846.28
7.62%$0.0000152
6.10%$3,590.19
7.61%$8.95
1.68%$107.22
11.25%$3.29
4.55%$1.00
0.01%$1.00
-0.00%$4.45
8.22%$45.74
1.65%$336.21
-0.48%$10.26
17.41%$120,048.00
1.44%$0.00001371
3.67%$1.001
-0.02%$4.84
4.58%$329.77
3.71%$0.125551
18.84%$428.88
1.10%$2.94
9.55%$5.44
6.46%$0.445404
1.51%$1.061
12.61%$1.18
0.12%$21.46
10.39%$6.02
8.95%$221.16
6.66%$47.62
0.50%$0.837096
13.32%$1.00
0.00%$0.00003577
-4.95%$0.317499
12.96%$0.098171
8.03%$0.395229
8.70%$0.0283402
12.71%$0.461423
7.03%$5.02
7.21%$0.247603
9.03%$4.28
8.33%$1.001
0.02%$3,590.42
7.54%$0.364787
4.89%$10.41
6.89%$0.798612
4.45%$1.15
5.31%$4.52
0.10%$16.30
2.68%$2.83
8.03%$0.03019912
-0.01%$1.059
-0.02%$0.00512771
-5.57%$192.14
6.12%$0.082357
5.62%$120,109.00
1.77%$1.83
4.57%$0.568486
7.40%$3,757.58
7.39%$4,089.72
7.51%$116.22
3.05%$5.00
2.90%$11.99
2.45%$0.02158523
20.82%$1.48
7.96%$0.998077
-0.02%$1.00
0.04%$2.03
5.71%$1.03
11.77%$14.31
8.31%$0.879037
8.44%$0.999925
-0.11%$0.083319
7.88%$4.58
8.30%$1.34
2.61%$3,830.18
7.18%$0.753134
9.44%$3,608.47
2.76%$0.00013406
7.65%$0.401381
8.57%$3,878.55
7.57%$1.86
7.67%$3,774.22
7.25%$1.001
0.03%$119,869.00
1.44%$0.600311
12.43%$1.10
4.68%$0.110608
8.29%$0.172413
13.57%$0.999751
-0.01%$1.11
22.30%$204.32
6.65%$0.250555
12.17%$119,802.00
1.43%$737.10
3.79%$28.56
7.66%$3,336.41
-0.37%$121,157.00
2.18%$2.69
7.72%$0.581695
5.63%$237.89
6.63%$0.907066
9.01%$1.11
-0.03%$0.01938779
8.97%$10.95
53.28%$0.999839
0.05%$0.01785437
7.12%$3,334.14
-0.10%$0.335716
7.78%$0.939534
4.36%$2.98
2.38%$0.13617
10.00%$3,588.10
7.58%$3,823.73
6.86%$46.56
6.28%$3,763.23
6.13%$0.686798
5.55%$111.83
0.01%$4.29
4.44%$1.99
6.34%$0.00000071
2.96%$2.19
6.99%$0.264543
-0.05%$3.74
17.95%$0.998988
0.06%$0.420517
5.67%$119,814.00
1.55%$0.999761
-0.02%$0.339553
8.33%$0.00000164
2.45%$0.01865432
-0.39%$0.461777
2.70%$1.092
-0.12%$3,590.43
7.57%$0.063042
6.28%$0.368219
4.34%$0.235224
12.53%$0.00879422
-0.47%$119,459.00
1.17%$0.00645163
5.12%$1.69
5.76%$0.997932
0.03%$0.00991917
16.60%$29.26
1.61%$0.575262
6.07%$1.36
5.70%$0.111332
13.60%$120,113.00
1.59%$46.14
-0.27%$3,818.98
7.44%$1.00
-0.00%$0.693943
5.70%$3,593.48
7.71%$0.149134
6.26%$0.074443
4.35%$3,958.68
7.46%$0.999933
0.00%$0.205679
8.27%$1.16
0.05%$0.679646
6.06%$0.427077
6.90%$7.64
6.03%$7.04
8.24%$1.001
0.21%$1.57
9.65%$3,571.29
7.23%$17.32
7.36%$52.30
6.51%$0.490837
0.25%$0.455676
-0.99%$0.442892
2.77%$3,927.86
7.57%$0.223259
3.52%$0.00000047
3.93%$0.33309
3.99%$8.06
-1.53%$45.98
-0.50%$0.062787
6.58%$2.73
6.40%$0.00002245
2.47%$0.094598
10.50%$3,587.50
7.63%$10.75
0.01%$0.04396899
6.34%$3,587.52
7.58%$0.00422183
4.09%$1.74
2.70%$0.159928
4.69%$1.093
-0.03%$0.999903
-0.00%$0.900515
7.46%$0.99561
-0.80%$4,323.61
7.61%$0.00781528
7.78%$0.580117
5.16%$119,208.00
2.37%$0.406614
1.87%$0.00575717
1.96%$0.999608
-0.15%$198.83
6.46%$146.67
5.80%$1.40
2.29%$0.383994
6.29%$0.03873713
3.51%$0.57688
4.92%$29.54
9.39%$1.00
0.02%$12.75
4.90%$0.01938108
2.78%$4.46
-11.35%$0.00006534
3.07%$24.35
9.65%$119,904.00
1.42%$0.24744
9.10%$0.03354145
1.92%$0.784863
13.03%$0.839634
3.34%$0.99994
0.01%$0.758616
1.71%$3,745.35
7.03%$21.23
0.53%$0.00411874
6.03%$1.16
1.59%$0.331536
8.77%$0.00373931
-5.96%$4,042.27
7.45%$7.50
9.02%$0.314352
-7.11%$1.002
0.28%$0.768755
6.13%$0.999318
-0.01%Reading
Just over 14,875 Bitcoin (BTC)—worth roughly $556 million—has just been transferred out of crypto exchange Coinbase Pro’s wallets in one go, according to data provided by CryptoQuant and highlighted by Unfolded.
As Decrypt reported, another massive Bitcoin “exodus” from Coinbase Pro occurred on January 31 as over 15,200 BTC (nearly $500 million) was transferred out of the exchange’s wallets in just one day.
At the time, CryptoQuant’s CEO Ki Young Ju surmised that it was likely a large over-the-counter (OTC) transfer made by big institutional investors.
OTC trades are usually conducted when institution-level players want to transfer a large number of assets without affecting the global market price. However, such transactions are still the “strongest bullish signals,” Ju noted.
This is because even if a deal was made off an exchange’s books, outflows of assets increase their scarcity while retail demand remains the same. Subsequently, when supply shrinks, the market adjusts itself to new conditions.
There has been a huge amount of demand from large Bitcoin owners in recent months—partly due to institutional investors hoarding Bitcoin. The total number of Bitcoin whales—wallets that hold 1,000 BTC or more—"has seen an astounding increase," according to crypto metrics platform Glassnode.
While demand for Bitcoin is booming lately, its supply on exchanges is shrinking. Glassnode data shows that there's now only 2.3 million Bitcoin sitting on crypto exchanges, down from a peak of 3 million in February 2020. Exchange balances haven't been this low since August 2018.
The number of #Bitcoin whales (entities holding ≥ 1k $BTC) has seen an astounding increase.
Since the beginning of the year, more than 200 new whale entities have appeared in the network –– data supporting the case that institutions are arriving.
Chart: https://t.co/UyP0uwZW5V pic.twitter.com/ymaM2J8ksS
— glassnode (@glassnode) February 4, 2021
When the last big outflow of BTC occurred on Coinbase Pro, some users speculated that Guggenheim’s Trust Fund was behind it. After all, the company’s filing with the US Securities and Exchange Commission, which outlined a $500 million investment in Bitcoin—became effective the very same day that $500 million worth of BTC was transferred out of Coinbase Pro.
As Decrypt reported, institutional firms have continued to invest in Bitcoin lately. This charge has been led by MicroStrategy CEO Michael Saylor, who recently said that the returns on other assets “don’t look nearly as compelling as Bitcoin.”
Kraken launched a regulated crypto futures platform for U.S. clients Thursday, coinciding with the House's passage of sweeping digital asset legislation that could transform and reshape the industry's legal footing. Offered through Kraken Derivatives U.S., the new service allows American users to trade CME-listed Bitcoin and Ethereum contracts along with spot crypto assets on Kraken Pro, marking Kraken’s first foray into U.S.-regulated derivatives. The launch is a “meaningful step” that could gi...
Shares of electric vehicle maker Volcon soared nearly 135% on Thursday after the company announced that it would raise $500 million to kick-start a Bitcoin treasury, joining a growing number of firms building BTC treasuries as a major component of their corporate strategies. The firm has entered into an agreement to sell 50,142,851 shares of its common stock at $10 per share through a private placement, according to the statement. The firm will use 95% of the roughly $500 million it raises to b...
Publicly traded firm Bit Origin, which is focused on Bitcoin mining infrastructure and investments, is raising $500 million to buy leading meme coin Dogecoin (DOGE) as it builds its own digital assets treasury. The firm entered into agreements to sell up to $400 million in Class A ordinary shares, as well as up to $100 million in convertible debt. “Bit Origin is evolving beyond mining infrastructure to engage directly in the value and utility of digital assets,” said Bit Origin Chairman Jinghai...
