Exchanges· ★★· neutral·

Coinbase Moves 613 BTC Worth $51M to Unknown Wallet

  • —613 BTC worth about $51 million moved off Coinbase
  • —Recipient wallet remains unidentified
  • —Transfer was flagged by Whale Alert
  • —Adds to a string of large institutional wallet movements
Why it matters: Large outflows from exchanges are often read as accumulation, which could support BTC sentiment in the near term.
#BTC
Source: Coinfomania
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