940 million dollars in Bitcoins users moved from Coinbase cryptocurrency exchange wallets

Bitcoins were suddenly moved from wallets associated with the Nasdaq-listed cryptocurrency exchange Coinbase. This makes one wonder if the big players are starting to accumulate funds.

While analysts noted that further investigation is needed to determine whether the transaction was an internal Coinbase transaction or a significant player hoarding BTC, various theories quickly emerged along the way.

One on-chain analyst suggested that Tesla's electric car market bought back the Bitcoins that Musk sold earlier this year to generate cash. At the time, the value of the BTC Tesla sold was about $936 million, and today's outflow is 48,000 BTC worth about $940 million.

The price of BTC and other assets has fallen over the past few months as the U.S. Federal Reserve and other central banks raise interest rates to temper inflation. And crypto has begun to walk "hand in hand" with stock markets...