11,800 Bitcoin (BTC) Moved From Coinbase To Cold Storage By Institutions

Data provided by CryptoQuant and Whale Alert shows that over the past thirteen hours, an institutional whale bought 11,827 Bitcoins in the major US-based crypto exchange Coinbase and withdrew it into a cold storage vault.

CIO of Moskovski Capital has shared a CryptoQuant chart, showing that institutional investors keep stocking up on Bitcoin and are determined to hold it long-term.

The 11,827 Bitcoins withdrawn from Coinbase Pro are an equivalent of $670,995,053. The transaction has been confirmed by Whale Alert service that tracks large crypto transfers.

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