$BTC According to Whale Alert, in the past one hour, a whale offloaded 917 BTC worth $94.30 billion to Coinbase Institutional. Moreover, a larger investor dumped 26.67 million XRP to Coinbase, signaling another bearish move. Typically, large crypto movements from wallet to exchange indicate a selloff move.

Thus, these transactions could have been responsible for the crypto market’s downfall amid macroeconomic pressures as the U.S. Federal Reserve shows no signs of cutting interest rates. Further, 2.86 trillion Shiba Inu (SHIB) tokens were dumped onto Coinbase Institutional, again suggesting a sell move.