Hope you all notice: $1.54 BILLION IN BTC AND WBTC MOVED TO COINBASE PRIME . Big Bitcoin flows from U.S. government-linked wallets over the past three days.
A total of 17,733 $BTC worth $1.48B, along with 750 $WBTC worth around $62M, was deposited into Coinbase Prime.
And here’s what caught everyone’s attention: during that same period, BTC dropped 6.9%.
That timing is hard to ignore. 😬 Still, an exchange deposit doesn’t automatically mean the coins have been sold. But with more than $1.5B in Bitcoin-related assets moving to Coinbase Prime while prices slide, traders will be watching closely to see what happens next.
A total of 17,733 $BTC worth $1.48B, along with 750 $WBTC worth around $62M, was deposited into Coinbase Prime.
And here’s what caught everyone’s attention: during that same period, BTC dropped 6.9%.
That timing is hard to ignore. 😬 Still, an exchange deposit doesn’t automatically mean the coins have been sold. But with more than $1.5B in Bitcoin-related assets moving to Coinbase Prime while prices slide, traders will be watching closely to see what happens next.