The large-scale outflow has caught the attention of on-chain analysts, who view it as a potential signal of renewed accumulation by deep-pocketed players. Coinbase has long been recognized as a primary bridge between institutional capital and Bitcoin markets. When substantial amounts of Bitcoin move off exchanges like Coinbase, it often reflects long-term holding strategies rather than intentions to sell. This latest wave of withdrawals, reported by CryptoQuant, may point toward institutional buying, suggesting that major investors are positioning themselves for future upside
source: https://coindoo.com/bitcoin-withdrawals-from-coinbase-spark-bullish-hopes/