⚠️Against the backdrop of a correction in the crypto market, the Coinbase exchange faced the second largest outflow of bitcoins this week▶️ 16,800 were withdrawn from the site #BTC then - 17 0 00 $BTC .
🐋they are associated with institutional interest in spot ETFs. 📊The outflow of cryptocurrency from the exchange coincided with the fall in the price of Bitcoin at the beginning of the second quarter, when the leading crypto asset fell to almost 💱$65,000.
✅As a rule, when assets leave centralized cryptocurrency exchanges, such as Coinbase, this indicates bullish sentiment in the market.
✅Withdrawal of coins from trading platforms limits immediate pressure from sellers on these coins.
❌ But the influx of funds on the site signals an upcoming sale, especially after periods of significant price increases in an attempt to ensure profit.