Over $770M in Bitcoin Moved to Coinbase and Cumberland as Institutional Activity Surges

A series of large transfers were directed toward Coinbase Institutional and Cumberland, signaling a notable rise in institutional activity.

At least 8 separate transfers ranging from 460 to 465 BTC each, totaling more than 3,700 BTC (~$410M), were sent from unknown wallets to Coinbase Institutional. Additionally, a 765 BTC withdrawal was spotted moving from Coinbase to a new unknown wallet.

Meanwhile, Cumberland, a major crypto trading firm, received multiple incoming transfers, including:

1,113 BTC (~$120.9M) from an unknown wallet 1,021 BTC (~$112.1M) from another unknown wallet 984 BTC (~$108M) sent from Cumberland to Coinbase Institutional, possibly indicating internal reshuffling or liquidity provisioning.

One notable transaction also involved 599 BTC (~$65.5M) sent to Binance, further suggesting strategic positioning across multiple exchanges.

These high-value moves typically hint at institutional rebalancing, OTC activity, or preparation for large-scale market participation. While such flows can precede volatility, they also underline the growing involvement of professional entities in Bitcoin’s ecosystem.

Source

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