{"id":35674,"date":"2021-02-01T15:34:02","date_gmt":"2021-02-01T13:34:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35674"},"modified":"2025-08-29T02:26:48","modified_gmt":"2025-08-28T23:26:48","slug":"almost-500-million-in-bitcoin-moved-from-coinbase-to-unknown-wallets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/almost-500-million-in-bitcoin-moved-from-coinbase-to-unknown-wallets\/","title":{"rendered":"Almost $500 million in Bitcoin moved from Coinbase to unknown wallets"},"content":{"rendered":"<p>Whale Alert recorded a withdrawal of 14,892 BTC from Coinbase.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 14,892 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> (483,449,307 USD) transferred from <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&#038;ref_src=twsrc%5Etfw\">#Coinbase<\/a> to unknown wallet<\/p>\n<p>Tx: <a href=\"https:\/\/t.co\/E9hP4YoZJ3\">https:\/\/t.co\/E9hP4YoZJ3<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1355944712327344132?ref_src=twsrc%5Etfw\">January 31, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Blockchair, the bitcoins were distributed among 100 wallets, each with 147.8 BTC.<\/p>\n<p>Ki Young Ju, head of CryptoQuant, called the withdrawal from the exchange &#8220;the strongest bullish signal&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Massive Coinbase outflows. 15k <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> at 32.4k<\/p>\n<p>Looking at the TX, it went to custody wallets that only have in-going transactions. It\u2019s likely to be OTC deals from institutional investors.<\/p>\n<p>I believe this is the strongest bullish signal.<\/p>\n<p>Chart \ud83d\udc49 <a href=\"https:\/\/t.co\/20Dz85Y5mG\">https:\/\/t.co\/20Dz85Y5mG<\/a> <a href=\"https:\/\/t.co\/W2G7M9lpm1\">pic.twitter.com\/W2G7M9lpm1<\/a><\/p>\n<p>\u2014 Ki Young Ju \uc8fc\uae30\uc601 (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1356064856424632324?ref_src=twsrc%5Etfw\">February 1, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Update<\/strong>: According to the Telegram channel Goldfoundinshit, Coinbase, as part of an internal redistribution, simply transferred the coins to new wallets that have not yet entered the exchange&#8217;s cluster.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?14\" data-telegram-post=\"gfoundinshit\/5445\" data-width=\"100%\"><\/script><\/p>\n<p>In November 2020, Guggenheim Partners said it planned to direct <a href=\"https:\/\/u1f987.com\/en\/news\/wall-street-giant-bets-500m-on-grayscale-bitcoin-trust\">around $500 million<\/a> into the Grayscale Bitcoin Trust.<\/p>\n<p>Earlier, about <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-to-explore-new-bitcoin-investment-opportunities\">further investment<\/a> in the first cryptocurrency was discussed by Michael Saylor. As of writing, MicroStrategy owns 70,784 BTC worth more than $2.4 billion, according to <a href=\"https:\/\/bitcointreasuries.org\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">BitcoinTreasuries<\/a>.<\/p>\n<p>In December 2020, bitcoin investors pulled from long-term storage <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-investors-pull-3-6-billion-from-long-term-storage\">$3.6 billion<\/a> as the asset price rose.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whale Alert recorded a withdrawal of 14,892 BTC from Coinbase.<\/p>\n","protected":false},"author":1,"featured_media":35675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18],"class_list":["post-35674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35674"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35674\/revisions"}],"predecessor-version":[{"id":35676,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35674\/revisions\/35676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35675"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}