A transfer of 1,049 BTC, worth roughly $81.5 million, moved from Binance to Coinbase Institutional, according to on-chain monitoring service Whale Alert. The transaction extends a pattern of large Bitcoin transfers into Coinbase’s institutional custody and execution platform during July and August. Earlier transfers included 1,137 BTC worth approximately $72.9 million on July 7, 887 BTC valued at roughly $57.7 million on August 7, and 1,013 BTC worth about $64 million on August 11. Together with the latest transfer, the flows exceed 4,000 BTC and represent more than $275 million. Coinbase Institutional serves large investors including hedge funds, asset managers, family offices and issuers behind spot Bitcoin ETFs. Such flows may sometimes reflect ETF-related demand, as fund managers can use institutional custody infrastructure when acquiring Bitcoin to back new shares. Neither Binance nor Coinbase has commented on the specific transaction. On-chain analytics (tracking blockchain activity) commonly interprets Bitcoin moving to exchanges as potential sell pressure, while transfers away from exchanges or into custody platforms are more often viewed as accumulation. The repeated transfers from Binance to Coinbase Institutional suggest a systematic purchasing or custody process rather than opportunistic trading, although the identity and intentions of the buyer or buyers remain unconfirmed.