Exchanges· ★★· neutral·

840 BTC worth $69.98M moved to Coinbase Institutional

  • —840 BTC moved from an unidentified wallet
  • —Transfer was valued at $69.98 million
  • —Destination was Coinbase Institutional
  • —Exchange inflows do not confirm selling intent
Why it matters: Large transfers to institutional venues are watched by traders as a possible signal of rising market supply.
Source: TokenPost