859 BTC moved from Coinbase to unidentified wallet

  • Coinbase transferred 859 BTC to an unidentified wallet.
  • 859 BTC was valued at approximately $74.1 million.
  • An unknown wallet previously transferred 584 BTC to Coinbase Institutional.

Coinbase transferred 859 Bitcoin, valued at approximately $74.1 million, to an unidentified wallet in a large exchange outflow whose purpose was not immediately clear. The movement follows an earlier transfer of 584 BTC, valued at $50,283,163, from an unknown wallet to Coinbase Institutional. The available information does not identify the recipient of the latest transfer or establish whether it involved institutional activity, OTC settlement, or private custody arrangements.

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