Bitcoin Whale Moved $75M Off Coinbase

When Bitcoin "Whales" (investors who possess more than $10 million in BTC) want to keep their assets for a lengthy period of time, they generally transfer bitcoin away from exchanges.

Maintaining digital assets on an exchange cannot provide the same level of security as holding them in a hardware wallet

which is why this is the recommended method for storing Bitcoin.

Hardware wallets make it impossible for money to be stolen via the internet since they keep private keys in a device that is not connected to the internet.

Only 12.49 percent of the entire supply is considered to be liquid across all centralised exchanges, as reported by Glassnode.

The withdrawal of Bitcoin from an exchange alleviates the possibility for sell-side pressure, which in turn makes it easier for the price of Bitcoin to rise.

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