Bitcoin Worth $1.6B Leave Exchanges in Biggest Bullish Outflow Since April: Research Analyst

Quick Summary:

Coinbase alone registered a net outflow of over 15,000 BTC Wednesday, hinting at a major institutional purchases of coins.

Bitcoin fell below $96,800 during Wednesday's late U.S.trading hours only to turn higher early today after Eric Trump, the Son of President Donald Trump, encouraged the family-linked crypto platform World Liberty Financial to make its first bitcoin investment.

Coinbase alone processed net withdrawals of over 15,000 BTC, per Dragosch.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCuba

Topics: Blockchain Bitcoin Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 10:24:48 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 228 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25924101

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