$BTC
Coinbase Institutional just withdrew 603 BTC, worth over $52 million, and transferred it directly into an unknown wallet.
As long as the chips held in institutional custody are moved into the dark, whether it’s large OTC settlement or quietly stockpiling in cold storage, the math is being played very carefully.
On the surface there’s no sign of anything, but behind the scenes massive amounts of funds can be moved at the drop of a hat—these are definitely very practiced custodial lock-up tactics
Coinbase Institutional just withdrew 603 BTC, worth over $52 million, and transferred it directly into an unknown wallet.
As long as the chips held in institutional custody are moved into the dark, whether it’s large OTC settlement or quietly stockpiling in cold storage, the math is being played very carefully.
On the surface there’s no sign of anything, but behind the scenes massive amounts of funds can be moved at the drop of a hat—these are definitely very practiced custodial lock-up tactics
