789 Bitcoin worth $64M moved to Coinbase Institutional amid ETF outflows
- —789 BTC worth roughly $64.31 million transferred
- —BTC traded between $81,500 and $81,900 at the time
- —Bitcoin had pulled back from around $84,800
- —U.S. spot Bitcoin ETFs are seeing net outflows
Why it matters: A large transfer to an institutional platform may signal preparation for a trade or sale as ETF demand stays weak.
Source: Crypto Briefing