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Coinbase’s $70 Billion Bitcoin Transfer Did Not Reflect Investor Selling

The post says a large Bitcoin movement on Coinbase appeared to signal selling activity, but states that no investors actually sold.

BTC

Summary

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Terms & Concepts
  • Bitcoin transfer: A movement of Bitcoin between blockchain addresses, which can appear on-chain without necessarily indicating a market sale.
  • On-chain activity: Transactions recorded on a blockchain ledger, often analyzed to interpret exchange flows and market behavior.