Bitcoin Whale Moves 2,412 BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $66,575,526 worth of Bitcoin off Coinbase.

The BTC address associated with this transaction has been identified as: 1CxKZossLsYpyRxHoxSp76EAZmvDhLULhq.

Why it matters: Bitcoin “Whales” (investors who own $10 million or more in BTC) typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. Storing large amounts of money on an exchange …

Full story available on Benzinga.com

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