An unknown wallet transferred 613 Bitcoin, valued at approximately $50,223,005, to a Coinbase Institutional address. The large-scale movement was recorded on-chain and directed specifically toward the exchange's institutional custody platform.
This significant inflow highlights continued activity within institutional crypto infrastructure. Large transfers to designated institutional wallets often signal custodial arrangements or over-the-counter settlement activity rather than immediate retail selling pressure.
613 BTC Worth $50.2M Transferred to Coinbase Institutional
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