Odaily News Arkham Intelligence data shows that at around 11:00 Beijing time today, Coinbase cold storage addresses transferred a total of about 16,000 BTC through two transactions, worth nearly $1 billion (about $988 million). These transaction verification information was provided by Glassnode and CryptoQuant. Analysis of Glassnode data shows that this event marks Coinbase's third largest outflow in 2024. The Coinbase exchange balance has been steadily declining in 2024. According to CryptoQuant data, the balance at the beginning of this year was about 418,000 BTC, and currently it is about 267,000 BTC. (CryptoSlate)