Metaplanet transfers 4,800 Bitcoin worth $377M to Coinbase Prime in custodial shuffle

Metaplanet moved 4,800 BTC (about $377M) to Coinbase Prime in what was reported as a custodial shuffle. The transfer concentrated a sizable holding into a major U.S. exchange custody platform, increasing centralized custody and potential on-chain liquidity. While the transaction alone does not prove imminent selling, it warrants monitoring for subsequent movements that could create downward price pressure.