Metaplanet Sends $188M More Bitcoin to Coinbase in 3 Hours

Metaplanet moved roughly $188 million worth of Bitcoin to Coinbase within a three-hour window. Such large, rapid inflows to an exchange increase available sell-side supply and historically correlate with elevated selling pressure. The transfer therefore raises near-term downside risk for BTC price and could add volatility if additional transfers follow. Motive is unclear—custody consolidation versus intent to liquidate—so monitor subsequent order-book activity and on-chain flows for confirmation.