Yeah, it's a lot of Bitty and surprising go dump it all for fiat.. make it make sense!
Primarily Coinbase Advanced. They have 800k left
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How do you know it was Coinbase?
https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-reserve?exchange=coinbase_advanced&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line
My god, that's a huge drop
TBF, it could be a Coinbase client. Still, *someone* is burning a lot of value.
Strange to try and keep the price lower
In finance nothing is "strange"
