With Bitcoin Under $80k, Two Whales Send BTC Worth $206M to Coinbase
· regulatory · Sentiment: neutral
Two large Bitcoin whales transferred approximately 2,600 BTC, valued at $206 million, to Coinbase while the asset trades below $80,000. Multiple on-chain trackers confirmed the deposits as part of broader whale activity on centralized exchanges. The consensus points to potential selling pressure or profit-taking at current levels. This development signals increased risk of short-term downward momentum for Bitcoin as large holders move coins into liquid venues.