Four transfers tracked by Whale Alert show $8 million more leaving Coinbase Institutional than arriving on Oct. 19, though the wallet movements do not establish whether any assets were sold.
The transactions involved $280.4 million in Bitcoin (BTC) and Ether (ETH). Across the four records, $144.2 million left Coinbase Institutional and $136.2 million entered it.
The largest movement brought 982 BTC, valued at $80.7 million, into Coinbase Institutional. A separate deposit carried 23,199 ETH worth $55.5 million. Whale Alert listed the sending wallets as unknown.
In the other direction, 30,992 ETH valued at $74.1 million and 853 BTC worth $70.1 million moved out of Coinbase Institutional. Whale Alert listed both destination wallets as unknown.
The transfers occurred during a three-hour period ending at 11:07 a.m. ET. An earlier set of Coinbase Institutional transfers tracked by Whale Alert also included movements in both directions, but covered different transactions. The Oct. 19 records give no reason for the withdrawals.
