Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US Spot ETF balances via its custody service.
The Coinbase Exchange and Coinbase Custody entities currently hold an estimated 270k and 569k BTC respectively. pic.twitter.com/TSdL2kPDV8
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🐳 Wallets holding 10 or more Bitcoin have collectively just matched their same level of holdings from exactly 2 years ago. Much has changed since then, including a rise in Bitcoin's market value by +226%.
Many believe that FTX was successfully suppressing cryptocurrency prices… pic.twitter.com/O90gxrKy8N