A single transfer of 854 BTC, valued at approximately $64.9 million, has been flagged moving from an unidentified wallet to Coinbase. The destination exchange address raises the usual question: is this a holder preparing to sell, or routine custody consolidation?
At current market depth, a block this size landing on an exchange order book could create short-term pressure if it hits the market directly — though large transfers to Coinbase frequently reflect OTC desk activity or institutional custody moves rather than immediate spot selling.
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🚨 🚨 🚨 854 $BTC (64,917,129 USD) transferred from unknown wallet to #Coinbase
https://t.co/RgQcwVwLUN
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