Same night
Coinbase Institutional is seeing movement on both sides $BTC
Around 00:23 Beijing time
1,131 BTC
About $91.18 million
Transferred from Coinbase Institutional to a new, unknown wallet
Around 00:09
Another address transferred 855 BTC
About $68.91 million
Earlier, there was also a transfer of about 813 BTC, worth around $65.4 million
There are inflows and outflows
Don't cry “sell-off” just because you see an “outbound transfer”
Common institutional activity includes rebalancing, custody migrations, and preparation for OTC settlement
It could also be internal transfers within ETF/asset management pipelines
More useful than the direction of a single transaction
are net flows over the period and subsequent wallet labels
Will the unknown wallet soon return the funds to an exchange
or will they go into cold storage?
Log the transactions first
Draw conclusions later
$BTC $ETH
#Coinbase #链上监控 #institutional funds
Coinbase Institutional is seeing movement on both sides $BTC
Around 00:23 Beijing time
1,131 BTC
About $91.18 million
Transferred from Coinbase Institutional to a new, unknown wallet
Around 00:09
Another address transferred 855 BTC
About $68.91 million
Earlier, there was also a transfer of about 813 BTC, worth around $65.4 million
There are inflows and outflows
Don't cry “sell-off” just because you see an “outbound transfer”
Common institutional activity includes rebalancing, custody migrations, and preparation for OTC settlement
It could also be internal transfers within ETF/asset management pipelines
More useful than the direction of a single transaction
are net flows over the period and subsequent wallet labels
Will the unknown wallet soon return the funds to an exchange
or will they go into cold storage?
Log the transactions first
Draw conclusions later
$BTC $ETH
#Coinbase #链上监控 #institutional funds
