New info from the CEO of CryptoQuant shows that amid Bitcoin’s correction, US investors have continued to gobble the digital asset. Ki Young Ju disclosed earlier today that institutions acquired 13,000 Bitcoins from the U.S.-based exchange Coinbase.
The chief executive of the analytics platform took to Twitter to share that these big-money players spent a staggering $624 million to acquire Bitcoin at an average price of $48,000 per coin. Following the purchase, the funds were moved out of Coinbase possibly into cold storage wallets.
13k $BTC flowed out from Coinbase a few hours ago.It seems those BTC went to multiple Coinbase custody wallets. US institutional investors are still buying Bitcoin at the 48k price.This is the strongest bullish signal I've ever seen.Chart