According to TechFlow, on-chain analyst Yu Jin monitored that 6 hours ago, a whale address transferred 10,000 BTC (worth about $267 million) to Coinbase. On the morning of May 12, the whale address transferred 10,000 BTC to Coinbase when the BTC price was $27,620. One day after the BTC entered the exchange on May 12, BTC fell to $25,811, a drop of 6%.