Over 1,600 Bitcoin Worth $114 Million Moved to Coinbase Institutional

A large on-chain transfer sent 1,660 BTC—valued at around $114 million—from an unidentified wallet to Coinbase Institutional, signaling potential market activity.

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Terms & Concepts
  • Coinbase Institutional: A platform by Coinbase designed for professional and institutional investors to trade and custody digital assets.
  • On-chain transfer: A blockchain-recorded transaction directly moving cryptocurrency between wallets without intermediaries.
  • BTC (Bitcoin): The first and largest cryptocurrency by market capitalization, used for peer-to-peer digital payments.