A post by @whale_alert on X.
810 $BTC (51,401,821 USD) transferred from #Coinbase to unknown wallet
@whale_alert on X
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Whale Alert reported that 810 BTC, valued at roughly $51.4 million, moved from Coinbase to an unidentified wallet. The transfer, flagged on-chain, shifts a sizable bitcoin balance off the exchange and into a private address. The move matters because large exchange outflows can signal holders moving coins into self-custody rather than preparing to sell. With no destination label attached, the wallet’s identity remains unknown. Traders will watch whether the address is linked to an institution, custodian or long-term holder, and whether further transfers follow.
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Named in this story
Bitcoin (BTC), Coinbase (COIN), Whale Alert
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