A post by @whale_alert on X.

A wallet of unknown origin moved 1,697 BTC, valued at roughly $130.2 million, to Coinbase Institutional, according to Whale Alert. The transfer stands out for its size and destination, since inflows to an exchange’s institutional arm often precede custody shifts or over-the-counter block trades rather than immediate open-market selling. Bitcoin’s price at the time of the transfer implied about $76,700 per coin based on the reported dollar value. Traders will watch whether the coins remain in Coinbase custody or move again, and whether further large transfers follow as a signal of institutional positioning.