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813 Bitcoin Worth About $65.4 Million Moves to Coinbase Institutional
Nov 5, 10:24 AM·
Medium Neutral

Sources

Summarized by i88

Tickers

Summary

813 BTC worth about $65.4 million moved to Coinbase Institutional on Nov. 5, according to on-chain data. The transfer followed a separate pair of Bitcoin transfers involving Coinbase Institutional the previous day. The destination of the funds may signal institutional selling or custody activity, though the article does not specify intent.

813 Bitcoin Worth About $65.4 Million Moves to Coinbase Institutional

A transfer of 813 Bitcoin, worth about $65.4 million, was sent to Coinbase Institutional, according to on-chain data cited in a report by tokenpost.com. The transfer took place on Nov. 5.

Prior Activity

The move followed a separate pair of Bitcoin transfers involving Coinbase Institutional the previous day, according to the report.

What the Data Shows

  • Amount: 813 BTC
  • Approximate value: $65.4 million
  • Destination: Coinbase Institutional
  • Date of transfer: Nov. 5
  • Related activity: A pair of Bitcoin transfers involving Coinbase Institutional the prior day

The report does not specify the intent behind the transfers. A movement of funds to an institutional platform may reflect either selling activity or custody arrangements, but the source material does not establish which applies in this case.