Bitcoin Worth $1 Billion Leaves Coinbase as Institutions ‘FOMO’

On-chain data reveals big money remains to chase bitcoin amidst the frantic bull run. That’s a sign of organizations catching the “FOMO” pest, according to one expert.

Institution-focused Coinbase Pro exchange signed up an outflow of over 35,000 bitcoin (BTC, +6.23%) worth greater than $1 billion very early Saturday, according to information resource CryptoQuant.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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