Three whales deposited a combined 6,168 Bitcoin (BTC), valued at approximately $498.5 million, into Coinbase Prime within the past six hours. The large-scale transfer marks one of the most significant whale movements to a centralized exchange in recent sessions.
Coinbase Prime deposits are often interpreted as potential sell pressure signals, as traders typically move coins to exchanges ahead of liquidation or hedging strategies. However, no immediate market reaction has been confirmed from the deposit activity alone.
Three Whales Deposit 6,168 BTC Worth $498.5M Into Coinbase Prime
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
