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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
Moreover, the average number of projects per company jumped to 9.7 from 5.8 year on year, a 67% rise.
Coinbase’s latest ads sell Bitcoin as “Money From the Future.”
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
