Markets· ★★★· neutral·

2,269 BTC worth $171 million transferred to Coinbase Institutional

  • —2,269 BTC worth over $171 million were transferred
  • —In June, 2,537 BTC arrived at Coinbase Institutional; in July, 2,874 BTC
  • —In early September, a deposit of 2,024 BTC and a separate transfer of ~853 BTC worth $65 million were recorded
  • —The sending wallet has not been publicly attributed
Why it matters: Large deposits to an institutional venue may indicate preparation for trading or a custodian change, affecting BTC supply on the market.
#BTC
Source: Crypto Briefing
More on this
Markets · 03:45
Bitcoin at $86,907 as hourly RSI hits 88, flashing correction risk
 Markets · 03:39
Bitcoin could test $90,000 after short squeeze, but traders warn leverage is building
 Markets · 03:34
Bitcoin Taps $87K, Triggering Over $1 Billion in Liquidations