Coinbase-Linked Transfers Reach $280.4 Million as 982 Bitcoin Leads

Four large transfers involving Coinbase Institutional moved $280.4 million in Bitcoin and Ether during the three hours ending Oct. 19 at 11:07 a.m. ET, with withdrawals exceeding deposits by $8 million. Bitcoin (BTC) accounted for the largest move: 982 BTC valued at $80.7 million went from an unknown wallet to Coinbase Institutional at 10:36 a.m. ET. Ether (ETH) and BTC made up the other three transfers. At 10:20 a.m. ET, 30,992 ETH worth $74.1 million left Coinbase Institutional for an unknown new wallet; at 10:35 a.m. ET, 853 BTC valued at $70.1 million also moved from Coinbase Institutional to an unknown new wallet. Another 23,199 ETH worth $55.5 million arrived from an unknown wallet at 10:20 a.m. ET.

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