Coinbase’s Bitcoin reserves drop to the lowest level since December 2017

Coinbase’s Bitcoin reserves drop to the lowest level since December 2017

Bitcoin (BTC) revisited weekly lows on Sep. 1 as the new month got underway with a fizzle rather than a bang.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin lingers in “price stability”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $46,530 on Bitstamp overnight, its lowest since Aug. 27.

With $50,000 out of reach, price action continued to diverge “remarkably” from strong on-chain metrics and fundamentals.

For analyst Willy Woo, who…


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