887 BTC worth $57.65 million moved from Coinbase Institutional to unknown wallet

A transfer of 887 BTC worth $57,650,542 moved from Coinbase Institutional to an unknown wallet. The transaction marks a sizable on-chain movement from an institutional exchange-linked platform to an address without a publicly identified owner. Large transfers like this are often watched for signs of custody changes or position management, although the transaction itself does not show intent.

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