On-chain data shows Bitcoin has been moving to Coinbase from other exchanges. Here’s what this has historically meant for the asset.
The Bitcoin price has observed a surge back above the $71,000 level during the past day as buyers appear to have returned on Coinbase.
On-chain analysis now reveals that a single anonymous custodian, believed to be Cobo Custody, plays a crucial role in the Bitcoin network.
On-chain data shows the Bitcoin outflows from cryptocurrency exchange Coinbase have surged recently, a sign that could be bullish for BTC.
Data shows the Bitcoin Coinbase Premium Gap has notable positive values currently, something that could be bullish for the asset’s price.
