Coinbase: Massive BTC Outflow Hits Record | Flash News Detail | Blockchain.News
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4/21/2026 7:52:00 AM

Coinbase: Massive BTC Outflow Hits Record

Coinbase: Massive BTC Outflow Hits Record

Coinbase saw huge $BTC net outflow yesterday, largest since late 2025, sparking whale buying speculation amid bullish BTC price prediction trends.

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Coinbase experienced a massive net outflow of $BTC yesterday, marking what could be the biggest since late 2025, as tweeted by economist André Dragosch. This surge raises questions: genuine whale accumulation driving the crypto market rally, or mere exchange reshuffling? Historical patterns from the past six months show similar outflows often precede price spikes, especially with Bitcoin holding firm above key supports amid ongoing hype around assets like TAO in the broader ecosystem.

From a technical confluence standpoint, $BTC trades at $76354.22 on the 4-hour chart, firmly in a bullish trend with the EMA50 at $74776.24 acting as immediate support and the EMA200 at $72026.8 providing deeper confluence for any pullbacks. Momentum holds neutral with RSI at 57.74, while MACD's golden cross at 240.23 signals sustained upside; price sits inside Bollinger Bands, eyeing upper resistance at $76998.79 as a breakout target, but a test of lower support at $74202.96 could offer buying opportunities if volatility exhausts, aligning with our BTC price prediction for continued gains absent a broader crypto market crash.


André Dragosch, PhD | Bitcoin & Macro

@Andre_Dragosch

European Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.