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Whale Moves 813 Bitcoin to Coinbase Institutional Following Major Outflows

Large-scale Bitcoin movements continue across institutional infrastructure as an unidentified wallet transferred 813 Bitcoin, valued at roughly $65.4 million, to Coinbase Institutional on November 5. The deposit follows a series of substantial institutional flows on November 4, which saw 1,086 BTC move into the platform before 668 BTC departed. Later that day at 11:23 a.m. ET, an additional 1,131 Bitcoin worth approximately $91.18 million was transferred out of Coinbase Institutional to an unknown, newly created address, signaling significant asset repositioning.

Category

Bitcoin

Sentiment

Neutral

Event

Analyst flows

Reading time

1 min