50 million dollars worth of Bitcoin has just flowed into Coinbase institutional wallet, are the big players about to make a move?
According to Whale Alert on-chain data, about 10 minutes ago, 509 Bitcoins (approximately 52,933,217 dollars) were transferred from an unknown wallet address to the exchange.
Transfers of this magnitude are usually not just casual 'walks'; they are either institutional rebalancing or preparation for a sell-off. Especially in the current sensitive market phase, large amounts of Bitcoin flowing into exchanges always trigger short-term emotional fluctuations in the market.
Is it merely an asset adjustment, or the calm before the storm? This operation is worth further attention.
