Massive exchange outflows

Coinbase has experienced some huge withdraws lately. 500 million USD worth of bitcoin has left their wallets in multiple transactions. This means between 1000-4000 BTC, so this may get to an institutional buyer, not for retail traders.

coinbase withdraw hodl

The numbers of CryptoQuant show for us, last months were more big jump in outflows, and this is only the Coinbase. When buyers sending out amounts like this, it usually means long term cold storage. This is hodl.