Coinbase, one of the leading digital asset exchanges, has seen a significant decline in its bitcoin holdings, reaching a low not seen in nine years. The substantial amount of Coinbase withdrawals off the platform has sparked discussions about its implications for the bitcoin market, particularly in anticipation of the upcoming Bitcoin halving event.

Coinbase Witnessing a Historic Decline in Bitcoin Holdings

Recent reports have highlighted a notable decrease in bitcoin holdings on the Coinbase exchange, marking its lowest level in nearly a decade. Large-scale investors, often referred to as “whales,” have withdrawn approximately 18,000 bitcoin, valued at nearly $1 billion, from the…

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