With Bitcoin Under $80k, Two Whales Send BTC Worth $206M to Coinbase

Two bitcoin wallets that sat untouched since 2023 moved 2,571 BTC worth $206.5 million into Coinbase Prime on Monday, three minutes apart. The first wallet blinked yesterday and emptied 986.31 BTC into a single deposit address, while a second then followed up with a 1,584.98 BTC transfer , routed to the same destination. Onchain sleuths flagged the pair roughly 10 hours later and tagged the receiving address as Coinbase Prime, the exchange’s institutional desk. The near-identical timing and shared destination suggest one entity controls both, though that is an inference. The larger wallet received 1,584.89 BTC on Jan.

Source: Bitcoin.com News