
Whale Alert Flags 618 BTC Transfer to Coinbase
- —618 BTC worth about $53 million transferred
- —Sender is an unknown wallet, recipient is Coinbase
- —Transfer confirmed by Whale Alert
- —Social media mentions of the transaction surged
Why it matters: A large BTC inflow to an exchange can signal intent to sell and add downward pressure on price.
Source: Coinfomania