Buying big? Nearly 30K BTC leaves Coinbase Pro in 3 transactions

Buying big? Nearly 30K BTC leaves Coinbase Pro in 3 transactions

If confirmed, someone could have made a serious commitment to BTC worth over $1 billion. Bitcoin (BTC) could be seeing renewed interest from big buyers as data shows large tranches of coins leaving major exchange Coinbase.As shown by monitoring resources including Whale Alert and CryptoQuant on March 11, an unknown wallet has received almost 30,000 BTC from the U.S. platform.Coinbase Pro $1.15 billion lighterThe potential buy-in came in the form of three separate transactions on Coinbase Pro, Coinbase’s professional investment arm.According to Whale Alert, these were for 9,843 BTC, 9,901....


Related News

Bitcoin for Euros at zero fees this week: Coinbase

Bitcoin company Coinbase has announced that Coinbase customers will have their fees waived when buying and selling Bitcoin with Euros until the end of this week. The announcement comes in light of the Greece crisis which has banks shut down and ATM withdrawals limited to 60 Euros per day in order to avert a banking collapse. In an official blog post, Coinbase stated: "We feel that all Europeans should educate themselves on the benefit of using a global currency that is not controlled by any particular country or company. As part of our effort to make it easy for anyone to buy and sell....

Bitcoin Coinbase Premium Returns To Neutral, Buying Exhausted?

Data shows the Bitcoin Coinbase Premium Index has declined towards neutral values recently, implying buying pressure may be running out. Bitcoin Coinbase Premium Index Has Gone Down Recently An analyst in a CryptoQuant Quicktake post explained that the Coinbase Premium Index has been decreasing recently. The “Coinbase Premium Index” here refers to the percentage difference […]

Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst

Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday.

Coinbase Extends Bitcoin, Ether Buying in Canada & Singapore

Digital currency exchange and wallet provider Coinbase has extended bitcoin and ether buying to customers in Canada and Singapore, within days after announcing the same feature to Australian users. Firmly in its global expansion phase, bitcoin and ether exchange and wallet Coinbase has now enabled its bitcoin and ether buying feature to customers in Canada and Singapore. Users in the two countries will be able to purchase the cryptocurrencies instantly with their debit and credit cards. Canadian users will be restricted to buying bitcoin and ether while not being to sell them just yet,....

Data Suggests Buying On Coinbase Behind The Bitcoin Pump

Data shows the Bitcoin Coinbase premium gap has surged up to positive values, suggesting that buying from investors on the exchange could be behind the pump to $22k. Bitcoin Coinbase Premium Gap Observes Sharp Rise To Positive Values As pointed out by an analyst in a CryptoQuant post, after many months of negative values, the Coinbase premium gap is now above zero. The “Coinbase premium gap” is an indicator that measures the difference between the Bitcoin price on Coinbase  Pro (USD pair) and the value on Binance (USDT pair). Since Coinbase is popularly used by US investors....