A Large Outflow of Over 15,000 BTC from Coinbase Today... The Seventh Time This Year

A Large Outflow of Over 15,000 BTC from Coinbase Today... The Seventh Time This Year

**A Large Outflow of Over 15,000 BTC from Coinbase Today... The Seventh Time This Year** IntoTheBlock analyst Burak Kesmeci analyzed via X that "more than 15,000 BTC was withdrawn from Coinbase at once, on the 15th at 5 pm (local time). This is the seventh time this year that a large outflow of over 15,000 BTC has occurred." He explained that "the transaction, in which a total of 16,021 BTC left Coinbase, is more likely to be a transaction by an institutional investor than an individual. It is possible that this is an internal transfer by Coinbase, but it is also possible that it is a buy-in by an institutional investor. I personally think that the seven large outflows of over 15,000 BTC that have occurred this year are likely to be institutions in the United States." **Previously on May 15, 2024** - "IntoTheBlock analyst Burak Kesmeci analyzed via X that "more than 15,000 BTC was withdrawn from Coinbase at once, on the 15th at 5 pm (local time). This is the seventh time this year that a large outflow of over 15,000 BTC has occurred." In this regard, he explained that "the transaction, in which a total of 16,021 BTC left Coinbase, is more likely to be a transaction by an institutional investor than an individual. It is possible that this is an internal transfer by Coinbase, but it is also possible that it is a buy-in by an institutional investor. I personally think that the seven large outflows of over 15,000 BTC that have occurred this year are likely to be institutions in the United States."