A post by @whale_alert on X.

A wallet of unknown origin moved 1,376 BTC, valued at roughly $100.8 million, to Coinbase Institutional, according to Whale Alert. The transfer is notable for its size and its destination: an exchange-linked venue often associated with custody and over-the-counter flows rather than retail trading. Traders typically watch such inflows for signs of potential sell pressure, though exchange deposits can also reflect custody shifts or block-trade settlement. With bitcoin trading near levels that make this a nine-figure transfer, the market will look to Coinbase order books and subsequent whale activity for confirmation of intent.