According to Whale Alert, 789 Bitcoin worth approximately $64.31 million were transferred from an unidentified wallet to Coinbase Institutional. The transaction occurred as Bitcoin traded between $81,500 and $81,900, following a decline from around $84,800. The movement to an institutional platform may reflect renewed investor interest, although the wallet’s ownership and the purpose of the transfer remain unknown. At the same time, U.S. spot Bitcoin ETFs have recorded net outflows, indicating mixed sentiment among institutional market participants.
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