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Coinbase Sees Second-Largest Bitcoin Outflow Amid Market Correction

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Amidst a market-wide correction, Coinbase experienced its second-largest Bitcoin outflow this week, with two massive withdrawals of 16,800 BTC and 17,000 BTC, respectively.

“We have witnessed the second biggest Bitcoin outflow from Coinbase. In a week there were 2 different two huge outflows. The first one is about 16,8K and the second one 17K. We can simply think that they are related to institutional purchase or Spot ETF.”

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