Bitcoin records two outflows from Coinbase in a week: What’s going on?
- Bitcoin has seen two large outflows from Coinbase in the last week.
- There has been a corresponding spike in the exchange’s premium index.
On the 1st of April, Bitcoin [BTC] recorded its second-largest outflow from leading cryptocurrency exchange Coinbase, CryptoQuant’s data showed.
According to the data provider, on that day, 17,000 BTC worth around $1 billion was removed from the exchange. Earlier, on the 28th of March, outflow from Coinbase totaled 16,800 BTC.
