U.S. investors continue to capitalize on even the smallest dips in Bitcoin’s price.
Here are the details of the transactions from Coinbase 👇
1⃣ A total of 10,862 BTC was moved at an approximate cost of $96,213 per BTC.
2⃣ A total of 8,625 BTC exited at an approximate cost of $95,874 per BTC.
In total, 19,487 BTC were withdrawn, with an average cost of $96,043 per BTC. The total value of these two transactions amounts to approximately $1.87 billion.
✅ Conclusion
Such large transactions highlight the strong and ongoing interest of institutional investors in Bitcoin.
Since the approval of spot Bitcoin ETFs, institutional demand has significantly increased. With retail investor interest likely to join this trend soon, Bitcoin appears poised to surpass the $100,000 level in the near future.
Thank you for reading 🙏
Written by burakkesmeci
