Coinbase Witnesses Massive Outflow of 17,000 BTC

Coinbase, one of the leading cryptocurrency exchanges, has experienced a significant outflow of 17,000 BTC. This is the second-largest outflow in a week that has been marked by volatility in the price of BTC.

Coinbase had two massive outflows this week, totaling 16,800 BTC and 17,000 BTC. It is speculated that these outflows could be a result of institutional buying or spot ETFs.

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