No, 800k BTC didn’t hit the market: Why exchange internal transfers fooled traders

Over the weekend, Coinbase shuffled nearly 800,000 BTC, roughly $69.5 billion at prevailing prices, between its own wallets, describing it as a scheduled internal migration. On-chain alert bots registered the movement as a historic spike in spent outputs, triggering headlines about 4% of Bitcoin’s circulating supply suddenly “moving” and speculation that a massive liquidation was The post No, 800k BTC didn’t hit the market: Why exchange internal transfers fooled traders appeared first on CryptoSlate.