But following the big buys, both large buy and sell orders for bitcoin were placed on Coinbase right before the expiry of bitcoinโs options contract on Dec. 31. On Jan. 1, on the other hand, sell orders with more than five bitcoin dominated Coinbaseโs BTC/USD trading pair volume. These large trades, however, did not cause any spikes in Coinbaseโs spot market share, according to Kaikoโs Medalie, meaning that similar activity was taking place on other exchanges over the same time period.
Bitcoin Whales Were Active on Coinbase Amid a Quiet Holiday Week
