A transfer of 632 BTC from Coinbase Institutional was valued at $51,539,075. The available account does not identify who controls the destination wallet or explain why the coins moved.
Nothing in the transaction description indicates a purchase or sale.
Whale Alert tracked four Coinbase Institutional transfers on Oct. 19 involving $280.4 million in Bitcoin (BTC) and Ether (ETH). Those records showed $144.2 million leaving Coinbase Institutional and $136.2 million entering it, an $8 million net outflow.
Two of the deposits came from wallets Whale Alert listed as unknown. The tracking records do not say whether any assets were sold.
