Another $2B worth of Bitcoin withdrawn from Coinbase over weekend

Coinbase skilled withdrawals totaling roughly $2 billion price of BTC over the weekend of Nov. 26 to Nov. 27, bringing the overall quantity withdrawn since Nov. 24 to $3.5 billion.

Roughly $1.5 billion price of Bitcoin (BTC) was withdrawn from the change between Nov. 24 to Nov. 25.

Coinbase BTC net position
Coinbase BTC internet place

The change’s reserves have been shedding round 50,000 BTC each day since Nov. 24, equating the overall withdrawn quantity to round $3.5 billion.

All exchanges misplaced $15B

In response to information from Glassnode, all main exchanges expertise large BTC withdrawals.

All exchanges BTC net position
All exchanges’ BTC internet place

Nearly all exchanges have seen withdrawals — amounting to roughly $15 billion in complete — over the previous 5 days

The final time such actions have been recorded was throughout April and Could, after the Terra collapse.


Amongst all important exchanges, Binance is without doubt one of the few exceptions because it noticed its its BTC reserves develop over the interval — indicating that Binance customers are exiting their BTC positions.

Binance BTC net position
Binance BTC internet place

In response to numbers, Binance added a complete of 78,000 BTC to its reserves, equating to round $1.2 billion on the time of writing.

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