Market maker Cumberland DRW transfers 2296 BTC to Coinbase, valued at $218 million, suspected sale
7 minutes ago, a related address of market maker Cumberland DRW transferred 2296 BTC to the Coinbase exchange, with a total value of approximately $218 million, at an average transfer price of $94,947 per BTC.
This fund flow indicates that Cumberland may have the intention to sell, which could raise market participants' attention to short-term Bitcoin price fluctuations in the current market environment.