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A single transfer of 1,213 BTC, valued at roughly $90.83 million, moved from an unidentified wallet to Coinbase Institutional, according to Whale Alert. The transaction, flagged on-chain, represents a notable inflow to a major institutional-facing venue rather than an exchange's retail order books. Large transfers to institutional custody and trading desks are often watched as a signal of where major holders may be positioning for execution or safekeeping. The move comes as bitcoin trades near levels that make each 1,000-coin transfer worth close to nine figures. Traders will watch whether the deposit precedes elevated spot or derivatives activity on Coinbase, or reflects a custody shift rather than imminent selling.

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Bitcoin (BTC), Coinbase Institutional, Whale Alert

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