In the past 13 hours, 11827 Bitcoins worth 671 million USD have been withdrawn from the coin base. The total amount has been transferred to the cold storage from the US-based crypto exchange. This data is provided by two of the major websites CryptoQuant and Whale Alert.
A CryptoQuant chart which was released by the CIO of Moskovski Capital has shown that investors from all over the world stock these Bitcoins for a very long time now. As suspected by the CIO of Moskovski Capital the institutional investors are planning to hold the 11.8k Bitcoins to be specific for the long term.
On 30th April 2021 Bitcoin reached 57000 USD from the level of 53000 USD to end the month of April on a high note. Earlier on the day, the cryptocurrency reached the mark of 58400 USD level but it came down soon after. Currently, one Bitcoin is trading at a rate of 57659 USD on the Kraken Exchange.