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Bitcoin institutional buying ‘could be big narrative again’ as 30K BTC leaves Coinbase

Regardless of Bitcoin price action, institutional players are putting their money where their mouth is this month.
Bitcoin (BTC) may be heading under $40,000 but fresh data shows that demand from major investors is anything but decreasing.For Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, institutional BTC buying “could be the big narrative” in the crypto space once more.Coinbase Pro shifts serious amounts of BTCKi highlighted figures from Coinbase Pro, the professional trading offshoot of United States exchange Coinbase, which confirm that large tranches of BTC continue to leave its books.Those tranches totalled 30,000 BTC in a single day this week, and the event is not an isolated one, with March seeing similar behavior. Coinbase Pro BTC reserves vs. BTC/USD chart. Source: CryptoQuant“30k BTC flowed out from Coinbase today,” he noted,”Institutional buys might be the big narrative again because the Execu

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We współpracy z: https://cointelegraph.com/news/bitcoin-institutional-buying-could-be-big-narrative-again-as-30k-btc-leaves-coinbase

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