A post by @whale_alert on X.
702 $BTC (51,149,953 USD) transferred from Coinbase Institutional to unknown wallet
@whale_alert on X
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A wallet tagged as Coinbase Institutional moved 702 BTC, worth roughly $51.15 million at the time of the transfer, to an unidentified address, according to on-chain tracker Whale Alert. The transaction, flagged on Bitcoin’s mainnet, shifts a nine-figure-dollar-sized holding out of a major institutional custody and exchange venue and into a private wallet whose owner is not publicly labeled. The transfer matters because large exchange outflows can signal accumulation or long-term custody rather than near-term selling, though a single move is not conclusive. Traders will watch whether the destination wallet is linked to a known fund, custodian or OTC desk, and whether further Coinbase Institutional outflows follow in the coming sessions.
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Bitcoin (BTC), Coinbase Institutional, Whale Alert
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