Golden Finance reported that CryptoQuant data showed that Coinbase had two major fund outflows in the past 24 hours, each exceeding 8,000 BTC. A total of 19,487 BTC were withdrawn at an average cost of $96,043, and the total value of the two transactions was approximately $1.87 billion. Analysts said: “A transaction of this size highlights the strong and continued interest of institutional investors in Bitcoin. Institutional demand has increased significantly since the spot Bitcoin ETF was approved. This may soon be joined by retail investor interest. Following a trend, Bitcoin seems poised to break $100,000 in the near future.”