The Whale Alert service documented the withdrawal of 14,882 BTC from the Coinbase crypto exchange.
As reported by Blockchair, Bitcoins were dispersed among 100 wallets at roughly 148.8 BTC per wallet.
CryptoQuant CEO Ki Yoon Joo deems the extraction of assets from the exchange “the clearest bullish signal.”
The cryptocurrency community hinted that the venture capital company Guggenheim Partners, billionaire celebrity Elon Musk, Michael Sailor`s MicroStrategy, or other large investors could have orchestrated the transactions.
In November last year, Guggenheim Partners declared its intent to direct about $500 million to the Grayscale Bitcoin Trust.
Previously, Michael Sailor talked about further investment in the leading cryptocurrency. Currently, MicroStrategy has 70,784 BTC with an estimated worth of over $2.4 billion, as indicated by Bitcoin Treasuries.
Back in December 2020, Bitcoin backers withdrew $3.6 billion from long-term holdouts amid rising asset prices.
