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