FalconX deposited 300 BTC valued at about $19.18 million into Coinbase, according to blockchain tracker Onchain Lens. The transfers were split into two batches: 200 BTC moved about six hours earlier, followed by another 100 BTC a few minutes before the update. Large Bitcoin deposits to exchanges are often watched by traders because they can indicate assets are being positioned for sale, custody movements, or internal liquidity management, though the transaction alone does not confirm intent.