1,842 Bitcoin Worth $125.3 Million Moved From Coinbase Institutional to New Wallet

Blockchain transfer tracking indicates that 1,842 Bitcoin were sent from Coinbase Institutional to an unknown new wallet, representing a large on-chain movement.

Summary

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Terms & Concepts
  • On-chain transfer: A movement of cryptocurrency recorded directly on a blockchain between wallet addresses.
  • Wallet address: A blockchain destination used to send or receive digital assets such as Bitcoin.
  • Coinbase Institutional: The institutional services arm of Coinbase that serves professional and large-scale market participants.