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Bitcoin worth $51.7M moved from Coinbase Institutional to unknown wallet in large crypto transfer

Market News
27 Oct 2026, 11:34 WIB
Tokenpost
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Neutral
Bitcoin worth $51.7M moved from Coinbase Institutional to unknown wallet in large crypto transfer

A transfer of 647 BTC, valued at about $51.7 million, was moved from Coinbase Institutional to an unidentified wallet, with no known owner or reason disclosed. This follows a similar 633 BTC transfer on Oct. 20, also worth $51.7 million, part of five large crypto movements totaling nearly $958 million. Notably, $120.8 million of these funds moved from exchanges to unknown wallets, highlighting ongoing large-scale Bitcoin transfers with unclear destinations or purposes.

The recent large Bitcoin transfers from Coinbase Institutional to unknown wallets provide context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 27, 2026 14:42 WIB: of 50 priced major cryptocurrencies tradable on Pluang, 25 rose and 23 fell today. Notable movers include GRT (The Graph) at Rp393 with a 1-day change of -2.25% and Pluang order activity showing 13% Sell / 87% Buy, EGLD (MultiversX) at Rp58,742 with +2.10% change and 2% Sell / 98% Buy order activity, and FTM (Fantom) at Rp11,382 with a -2.05% change and typical hold time of 88 days.

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