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CryptoQuant CEO Ki Young Ju Says Coinbase Bitcoin Outflows Could be a Sign of a Bullish Future

Amy Liu

Summary: CryptoQuant CEO Ki Young Ju says a recent outflow at Coinbase is a sign that institutions are accumulating for the next Bitcoin bull break. Data from the cryptocurrency analysis firm shows that more than 15,200 BTC, currently worth over $515 million, were withdrawn from Coinbase on Jan. 31. According to Ki Young Ju, the withdrawal “went ...

CryptoQuant CEO Ki Young Ju says a recent outflow at Coinbase is a sign that institutions are accumulating for the next Bitcoin bull break.

Data from the cryptocurrency analysis firm shows that more than 15,200 BTC, currently worth over $515 million, were withdrawn from Coinbase on Jan. 31.

According to Ki Young Ju, the withdrawal “went to custody wallets that only have in-going transactions,” and was likely an “OTC deal from institutional investors” based on several identifiers.

By Amy Liu

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Link: CryptoQuant CEO Ki Young Ju Says Coinbase Bitcoin Outflows Could be a Sign of a Bullish Future   [Copy]
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