Glassnode: Over 18,000 Bitcoins were withdrawn from Coinbase

According to data from Arkham Intelligence, Glassnode, and Coinglass, more than 18,000 bitcoins were withdrawn from Coinbase during today's Asian session. The massive outflow of nearly $1 billion severely impacted Coinbase's exchange balance. These funds were sent to several different addresses, with new wallet balances ranging from $45 million to $171 million, and all UTXOs from the initial transaction have been spent. Coinbase currently holds about 390,000 bitcoins, worth about $20.5 billion. This balance is less than 2% of the total supply of bitcoins on the exchange, the lowest percentage since 2015.