Nearly $500M in Bitcoin Moved to Coinbase Prime by Whales Overnight
Photo: TheCoinrise
Large wallet movements, including one deposit realized at a reported $15 million loss, coincide with a weaker October for Bitcoin's price. Large Bitcoin holders sent nearly $500 million worth of the cryptocurrency to Coinbase Prime over the course of a single overnight session, according to crypto.news. Coinbase Prime is the exchange's institutional arm, built to handle custody, trading, and prime brokerage services for large clients. Movements of this size into exchange-linked wallets are closely watched by traders because they can signal a shift in how holders plan to use their coins.
Source: TheCoinrise
