A post by @whale_alert on X.
676 $BTC (54,403,280 USD) transferred from Coinbase Institutional to #Coinbase
@whale_alert on X
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Whale Alert reported a transfer of 676 BTC, valued at roughly $54.4 million, from Coinbase Institutional to Coinbase. The move shifts the bitcoin between the exchange’s institutional service and its main platform, rather than to an external wallet. At the reported price, the transfer implies a bitcoin value of about $80,478 per coin. Because both endpoints sit within Coinbase’s ecosystem, the transaction may reflect an internal reshuffle rather than fresh buying or selling. Traders will watch subsequent exchange flows and order-book activity to see whether the coins remain on the platform or move again.
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Named in this story
Coinbase (COIN), Coinbase Institutional, Bitcoin (BTC)
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