Investment
Features
FeesSafety
Academy
More
Pluang+

1,700 Bitcoin worth $142M moved from Coinbase Institutional to unknown wallet

Market News
28 Sep 2026
Crypto Briefing
View Source
Neutral
1,700 Bitcoin worth $142M moved from Coinbase Institutional to unknown wallet

A transfer of 1,700 Bitcoin valued at approximately $142 million was moved from Coinbase Institutional to an anonymous wallet, continuing a pattern of large Bitcoin movements on the platform in 2026. Coinbase Institutional serves major clients like hedge funds and Bitcoin ETF issuers, so such transfers often indicate asset rebalancing, cold storage moves, or preparation for over-the-counter trades rather than outright selling. The price implied by this transfer is about $83,500 per Bitcoin, signaling where institutional players are comfortable trading. Future activity from the receiving wallet will reveal if the Bitcoin is being held long-term or prepared for sale.

The recent movement of 1,700 Bitcoin valued at $142 million provides context for cryptocurrency market activity. For readers following crypto trends, here is Pluang's market snapshot as of Sep 28, 2026 11:21 WIB: out of 50 major cryptocurrencies, 12 rose and 37 fell. Notable movers include YFI at Rp42.569.547 with a 1-day change of -3.96% and a typical hold time of 93 days, UNI at Rp167.884 with a 1-day change of -3.74% and 65 days hold time, and FIL at Rp19.502 with a 1-day change of -3.62% and 99 days hold time. Pluang order activity shows YFI is 99% sell, UNI is 65% buy, and FIL is 59% buy.

More News

A $6.54M Bitcoin long position was liquidated at $83,095, marking a large forced exit in BTC futures.

A $6.54M Bitcoin long position was liquidated at $83,095, marking a large forced exit in BTC futures.

A single long position worth $6.54 million in Bitcoin perpetual futures was liquidated at a price of $83,095 on September 28. This forced exit happened automatically at 1:23 a.m. ET and involved a bet on Bitcoin's price rising. While significant, thi...

Market News
Bearish
4 hours ago
Bitcoin long positions worth $10.36M liquidated as price dips to $83,107

Bitcoin long positions worth $10.36M liquidated as price dips to $83,107

Bitcoin experienced $10.36 million in long position liquidations within one hour ending at 1:27 a.m. ET on Sept. 28, as its price fell 0.45% to $83,107. Nearly all liquidations were from traders betting on price increases, with short positions accoun...

Market News
Bearish
4 hours ago
Binance to fund extra airdrop rewards for MarsCoin and 牛来 holders starting Sept 2026

Binance to fund extra airdrop rewards for MarsCoin and 牛来 holders starting Sept 2026

Binance will support separate airdrops of SpaceX (SPCXB) and Invesco QQQ Trust (QQQB) tokens for holders of MarsCoin (MARSCOIN) and 牛来 by allocating 30% of spot trading fees from each token toward these rewards. Starting September 2026, Binance will ...

Protocol Fundamentals
Bullish
4 hours ago
Bitcoin price rises to $84K despite weakening demand and falling futures interest.

Bitcoin price rises to $84K despite weakening demand and falling futures interest.

Bitcoin's price increased from $74,000 to $84,000 over 15 days, but demand indicators weakened significantly during this period. The 30-day cumulative demand estimate dropped to negative 171,000 BTC, futures demand fell sharply from 164,000 BTC to ju...

Market News
Bearish
4 hours ago
Bitcoin dips below $84K amid US-Iran tensions but ETF inflows stay strong.

Bitcoin dips below $84K amid US-Iran tensions but ETF inflows stay strong.

Bitcoin fell below $84,000 due to renewed US-Iran geopolitical tensions that pressured risk assets, interrupting its recent rebound above $87,000. Despite the pullback, US spot Bitcoin ETFs attracted $2.39 billion in inflows last week, showing sustai...

Market News
Bearish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App