More than 1,500 BTC, amounting to 174 million USD, transferred to Coinbase has raised concerns of a whale sell-off. On-chain data suggests that these movements may indicate strategic positioning by institutional investors rather than immediate liquidation.
Despite the substantial transfers, the Coinbase Premium Index reflects increasing buyer demand in the U.S. Market, while total exchange reserves are at their lowest in over a month. This indicates accumulation rather than mass distribution, pointing to Bitcoin’s price resilience.
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