Morgan Stanley Deposits 71.664 BTC (Approx. $5.09 Million) into Coinbase... Presumed 'For Selling Purposes'
According to the latest data from on-chain analysis platform Arkham, global investment bank Morgan Stanley has transferred Bitcoin to the cryptocurrency exchang
What to know
- According to the latest data from on-chain analysis platform Arkham, global investment bank Morgan Stanley has transferred Bitcoin to the cryptocurrency exchang
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According to the latest data from on-chain analysis platform Arkham, global investment bank Morgan Stanley has transferred Bitcoin to the cryptocurrency exchange Coinbase. The total amount deposited was 71.664 BTC, equivalent to a market value of approximately $5.09 million. The industry generally analyzes that when a large institution moves assets to an exchange, it is highly likely intended for preparing a sale.