Coinbase: Records 12,747 BTC Outflows | Flash News Detail | Blockchain.News
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4/21/2026 12:21:00 PM

Coinbase: Records 12,747 BTC Outflows

Coinbase: Records 12,747 BTC Outflows

Coinbase saw 12,747 BTC withdrawals on April 20, 2026, amid net exchange outflows of 16,654 BTC, signaling strong institutional demand for Bitcoin.

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Institutional buyers ramped up pressure on Coinbase, pulling out 12,747 BTC in a single day on April 20, 2026, as centralized exchanges logged a total net outflow of 16,654 BTC. Exchanges held 3,434,537 BTC by late Monday, while ETFs, custodians, and OTC desks absorbed a combined inflow of 18,826 BTC, underscoring genuine acceleration in buying from big players tracking Bitcoin trends. This whale activity echoes patterns from last quarter's BTC surges, where similar outflows preceded rallies, potentially fueling fresh BTC price prediction models amid ongoing crypto market volatility and institutional adoption waves.

Zooming into the 4h BTC chart, price action holds firm at $76,029 within a bullish structure, hugging the upper Bollinger Band resistance at $76,858 as volatility squeezes signal potential exhaustion. The golden cross on MACD at 254.8 screams sustained upside momentum, yet neutral RSI at 54.39 keeps things balanced—expect a tactical dip to test the EMA50 support at $74,830 for confluence before bulls charge higher, much like the setups that drove last month's breakouts past $70,000 barriers.


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.