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Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Altcoin1998$ on February 17, 2021, 12:00:51 PM

Title: 15,000 Bitcoin are Leaving Coinbase Each Week; Here’s What This Means
Post by: Altcoin1998$ on February 17, 2021, 12:00:51 PM

Bitcoin has been seeing massive Bitcoin outflows each week, which is a positive sign that points to underlying strength
This has yet to be reflected in its price, as the crypto has been facing massive selling pressure that has made it increasingly unclear as to where it may trend next
In total, 15,000 BTC are being moved off of Coinbase each week, which seems to indicate that massive upside could be imminent in the days and weeks ahead
One analyst is now insinuating that this could be a sign of institutional bidding taking place, which would mean that upside is imminent
This comes as MicroStrategy also announced their plans to buy a total of $600m worth of Bitcoin – assuming they complete a convertible note raise

More information:Read (https://www.newsbtc.com/analysis/btc/15000-bitcoin-are-leaving-coinbase-each-week-heres-what-this-means/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)