789 Bitcoin worth $64M moved to Coinbase Institutional amid ETF outflows

A large transfer of 789 Bitcoin , valued at approximately $64.31 million, was made from an unidentified wallet to Coinbase Institutional, according to Whale Alert. This transaction comes amid Bitcoin’s price in the range of $81,500 to $81,900 on October 23, 2026, following a recent decline from around $84,800. The movement of such a significant amount of Bitcoin to an institutional platform like Coinbase suggests potential institutional interest, although the exact purpose and ownership of the wallet remain unclear. Meanwhile, U.S. spot Bitcoin ETFs have been experiencing net outflows, adding another layer of complexity to the current market dynamics. Any further large transfers or institutional activity could influence Bitcoin’s price direction.

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