Bitcoin Whale Transferred $75M from Coinbase
Bitcoin "Whales" (investors with more than $10 million in BTC) typically move their bitcoin off of exchanges when they wish to maintain their assets for a long time.
The security of keeping digital assets in a hardware wallet is superior to keeping them on an exchange.
which is why it is advised to store bitcoin in this way.
Since private keys are kept in a device that is not linked to the internet, hardware wallets prevent money from being stolen via the internet.
According to Glassnode, just 12.49 percent of the total supply is thought to be liquid across all centralised exchanges.
The prospect of sell-side pressure is reduced when Bitcoin is withdrawn from an exchange, which facilitates the price increase of Bitcoin.
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