Bitcoin Whales Transfer $1B From Coinbase: What’s the Deal?

Coinbase Loses Nearly $1 Billion in Bitcoin as Whales Move Holdings

In a surprising turn of events, cryptocurrency exchange Coinbase has experienced a significant decrease in its Bitcoin holdings, losing almost $1 billion worth of assets. This development brings Coinbase’s Bitcoin holdings to their lowest point since 2017, with the current amount standing at 394,000 BTC, which is roughly valued at $20.5 billion. The sudden outflows have caught the attention of experts and analysts, sparking discussions about the potential reasons behind this move.