An unknown wallet transferred 1,999 BTC, valued at approximately $159.67 million, to Coinbase Institutional. The movement represents one of the largest single-wallet deposits to the institutional trading platform in recent weeks.
Coinbase Institutional serves as a custody and trading venue for large holders and professional investors, making such transfers often associated with potential sell-side activity or rebalancing by whales and fund managers. Market participants are monitoring whether additional inflows follow this transaction.
Unknown Wallet Moves 1,999 BTC Worth $159.7M to Coinbase Institutional
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