12K BTC Removed From Coinbase, Are Whales Relenting?
Coinbase, the largest exchange in the United States, has been the site of several big Bitcoin buy-ins this year. Recent reports show sudden transfers of more than 10,000 BTC to private wallets are not uncommon, but they do show a preference to store Bitcoin for the long term rather than hold it close to a […]
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The Coinbase iOS app, which enabled users to buy, sell and send bitcoin, has been removed from the Apple App Store less than a month after its launch. It appears it was Apple's decision to remove the app, as Coinbase engineer Craig Hammell revealed on Hacker News that his company was not responsible for taking it down. Another forum member suggested the app was removed for
A negative premium implies that accumulation will last a little longer, meaning that $50,000 as support may have to wait too. Bitcoin (BTC) has already hit $50,000 on some exchanges but needs to get whales on its side to flip it to definitive support, data suggests.In a tweet on Feb. 16, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted the so-called "Coinbase premium" as one of the final hurdles for BTC/USD.Negative premium slows upward grindOn Tuesday, a clear battle was emerging within Bitcoin trading as $50,000 stayed de facto out of reach for bulls.Analyzing the....
There has been a lot of controversy surrounding the ongoing Bitcoin block size debate and the stance taken by major companies active in the digital currency world. After Coinbase had announced they were officially supporting Bitcoin XT – which is technically a fork of Bitcoin – the company was removed from Bitcoin.org as a listed Bitcoin exchange novice users should check out. But by the look of things, that decision has been reserved. Coinbase Returns On Bitcoin.org. It goes without saying the whole debacle regarding the Bitcoin scalability issue, and Bitcoin XT client has been going for....
Ethereum has seen the price of its native token ETH drop alongside Bitcoin as the bear market continues to gain group. This has triggered fear among investors, leading to high selling pressure on the digital asset. Even the Ethereum whales are now dancing to the tune of the bear market as they have begun to send large amounts of ETH to centralized exchanges. Ethereum Whales Push Toward Selling A recent Santiment report posted on the X (formerly Twitter) platform has shown that Ethereum whales may be looking to exit stage left at this time. The chart which was posted by the on-chain data....
A look at Coinbase Pro's BTC price premium suggests that selling is underway on Thursday, as Bitcoin falls 7% in 24 hours. Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower.Coinbase Premium abruptly dropsData from Cointelegraph Markets and TradingView showed BTC/USD continuing its downtrend on Thursday, dropping 7.% on the day and failing to bounce off $33,000 support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewThe latest move, which brings Bitcoin down over 13% versus its highs from....