Cumberland Moves Over 2,200 $BTC to Coinbase Amid Market Activity

Cumberland, a prominent crypto trading firm, has transferred a total of 2,261 BTC to Coinbase within a short span on April 24th, according to data tracked by The Data Nerd.

Roughly two hours ago, the firm executed a significant transaction, sending 2,088 BTC—valued at approximately $193.36 million at the time—to the exchange. This was followed by an additional transfer of 173 BTC, worth around $16.05 million, just 20 minutes ago.

The large-scale movement of Bitcoin to Coinbase has sparked speculation about potential market implications, particularly in the context of liquidity and potential sell-off strategies.

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