Analytical data show that $ 671 million of Bitcoin was recently pulled from Coinbase to cold storage.
Data provided by CryptoQuant and Whale Alert shows that in the past fourteen hours, a corporate whale purchased 11,827 Bitcoins from Coinbase, a major US-based crypto exchange, and pulled it into a cold storage vault.
$ 670.9 Million BTC Withdrawn from Coinbase
Moskovski Capital’s CIO shared a CryptoQuant scheme showing that institutional investors continue to hold Bitcoin stocks and are determined to keep them long-term.
11,827 Bitcoins withdrawn from Coinbase Pro correspond to $ 670,995,053. The transaction was confirmed by the Whale Alert service, which monitors large crypto transfers.
Coincidentally, recently, two big banking giants; Goldman Sachs and JP Morgan have announced their plans to offer their flagship cryptocurrency to their high net worth customers.
Goldman Sachs will allow 2.5 percent of its clients’ net worth to invest in Bitcoin. It was stated that the JPMorgan fund would also be for private asset clients. However, JP Morgan analysts also made some statements stating that Ethereum will likely outperform Bitcoin.
Bitcoin Contacting $ 58,400 Line
On April 30, Bitcoin displayed two hourly green candles that took it from the $ 53,000 level to the $ 57,000 zone, and then closed the moon in green.
Earlier today, the king crypto rose slightly to touch the $ 58,400 level, but immediately bounced back.
At the time of writing, BTC changes hands at $ 57,455, according to CoinMarketCap data.