Coinbase Record Bitcoin Withdrawal: $1.1 Billion Moved in One Hour

Coinbase recorded the largest withdrawal this week with 10,756 Bitcoins withdrawn in just one hour. Data shows the large move coincided with the Fed’s interest rate decision announcement.

Transaction Details:

- First block: 8,093 Bitcoins

- Second block: 2,557 Bitcoins

- Total withdrawals: 10,650 Bitcoins

- Transaction value: $1.1 billion

The scale of the transaction indicates institutional buying or demand for Spot ETFs. The move highlights the growing influence of institutions in the Bitcoin market.

US investors continue to accumulate Bitcoin regardless of price fluctuations or market downturns. Analyzing the impact of these transactions on price trends remains important.