A post by @whale_alert on X.
693 $BTC (51,587,077 USD) transferred from Coinbase Institutional to unknown wallet
@whale_alert on X
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Whale Alert reported that 693 BTC, valued at roughly $51.59 million, moved from Coinbase Institutional to an unidentified wallet. The transfer, flagged on-chain, shifts a sizable bitcoin balance out of a major institutional custody and trading venue. It matters because large exchange outflows are often read as a sign of reduced near-term selling intent, though a single transaction is not conclusive. Traders will watch whether the unknown wallet is a long-term holder or an intermediary, and whether further Coinbase Institutional outflows follow.
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Named in this story
Bitcoin (BTC), Coinbase Institutional, Whale Alert
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