{"id":16806,"date":"2024-03-29T11:55:28","date_gmt":"2024-03-29T11:55:28","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=16806"},"modified":"2024-03-29T11:30:03","modified_gmt":"2024-03-29T11:30:03","slug":"major-move-on-coinbase","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/","title":{"rendered":"Major Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day"},"content":{"rendered":"

n a significant move, Coinbase observed one of its largest Bitcoin withdrawals to date.<\/p>\n

On March 28, Coinbase exchange<\/a> saw a substantial withdrawal of around 16,100 BTC, equivalent to $1.1 billion. According to data provided by Arkham Intelligence, this notable outflow occurred in two separate transactions. The first transaction involved approximately 8,100 BTC, valued at around $574 million, while the second transaction comprised 8,000 BTC, totaling approximately $566 million.<\/p>\n

\"\"<\/p>\n

This withdrawal ranks as the third-largest from Coinbase over the past year, as reported by Glassnode. Interestingly, all three of these substantial outflows occurred in March. Additionally, leading exchanges such as Binance and Gemini also witnessed significant withdrawals during this period. These notable movements coincide with Bitcoin\u2019s price consolidation around the $70,000 mark, hinting at potential shifts in investor sentiment or strategic maneuvers within the digital asset market.<\/p>\n

\"Exchange
Exchange Netflow: (Source: Glassnode)<\/figcaption><\/figure>\n

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram<\/strong>\u00a0 ,<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n

\n
<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

n a significant move, Coinbase observed one of its largest Bitcoin withdrawals to date. On March 28, Coinbase exchange saw a substantial withdrawal of around 16,100 BTC, equivalent to $1.1 billion. According to data provided by Arkham Intelligence, this notable outflow occurred in two separate transactions. The first transaction involved approximately 8,100 BTC, valued at<\/p>\n","protected":false},"author":1,"featured_media":10898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[61,60,151,2319],"class_list":["post-16806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-bitcoin","tag-btc","tag-coinbase","tag-glassnode"],"yoast_head":"\nMajor Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Coinbase, experienced a significant Bitcoin outflow on March 28th, raising questions about investor sentiment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Coinbase, experienced a significant Bitcoin outflow on March 28th, raising questions about investor sentiment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-29T11:55:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-29T11:30:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Coinbase.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"384\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/\",\"name\":\"Major Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Coinbase.webp\",\"datePublished\":\"2024-03-29T11:55:28+00:00\",\"dateModified\":\"2024-03-29T11:30:03+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"description\":\"Coinbase, experienced a significant Bitcoin outflow on March 28th, raising questions about investor sentiment.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Coinbase.webp\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Coinbase.webp\",\"width\":768,\"height\":384,\"caption\":\"Coinbase\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Major Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Major Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day - Coin Engineer","description":"Coinbase, experienced a significant Bitcoin outflow on March 28th, raising questions about investor sentiment.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/","og_locale":"en_US","og_type":"article","og_title":"Major Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day - Coin Engineer","og_description":"Coinbase, experienced a significant Bitcoin outflow on March 28th, raising questions about investor sentiment.","og_url":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/","og_site_name":"Coin Engineer","article_published_time":"2024-03-29T11:55:28+00:00","article_modified_time":"2024-03-29T11:30:03+00:00","og_image":[{"width":768,"height":384,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Coinbase.webp","type":"image\/webp"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/","url":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/","name":"Major Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Coinbase.webp","datePublished":"2024-03-29T11:55:28+00:00","dateModified":"2024-03-29T11:30:03+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"Coinbase, experienced a significant Bitcoin outflow on March 28th, raising questions about investor sentiment.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Coinbase.webp","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Coinbase.webp","width":768,"height":384,"caption":"Coinbase"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/major-move-on-coinbase\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Major Move on Coinbase: Exchange Sees Third-Largest Bitcoin Withdrawal in a Year with $1.1 Billion Transferred in a Day"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/16806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=16806"}],"version-history":[{"count":3,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/16806\/revisions"}],"predecessor-version":[{"id":16813,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/16806\/revisions\/16813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/10898"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=16806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=16806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=16806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}