A post by @whale_alert on X.

A single transfer of 934 BTC, valued at roughly $68.1 million, moved from an unidentified wallet to Coinbase Institutional, according to Whale Alert. The transaction, flagged on-chain, represents one of the larger single Bitcoin movements tracked by the service and directs the coins toward Coinbase’s institutional-facing custody and trading arm. Large inflows to institutional venues are typically watched as a signal of potential sell-side intent or of custody repositioning by major holders. Bitcoin’s spot price at the time of the transfer implied roughly $72,950 per coin. Traders will watch whether the deposit precedes elevated Coinbase Institutional volumes or a subsequent outflow that would suggest the coins were merely being re-custodied.