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Two dormant Bitcoin wallets moved $206M to Coinbase amid price struggles near $80K.

Market News
27 Oct 2026, 13:30 WIB
Bitcoin
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Neutral
Two dormant Bitcoin wallets moved $206M to Coinbase amid price struggles near $80K.

Two Bitcoin wallets inactive since 2023 transferred a total of 2,571 BTC worth about $206.5 million to Coinbase Prime on October 26. These coins were originally acquired for roughly $60 million, representing a significant paper gain as Bitcoin trades near $80,300. The timing is notable as Coinbase's Bitcoin premium has been negative for 53 days, suggesting possible institutional selling or repositioning. Additionally, over $350 million in Bitcoin moved to Coinbase's institutional platform that day, highlighting increased activity amid Bitcoin's price challenges below its all-time high.

Bitcoin trades at Rp1.444.089.114 on Pluang as of Oct 27, 2026 17:42 WIB, showing a slight decline of 0.58% in the past day. The platform records a high sell activity of 73% against 27% buy orders, reflecting cautious sentiment among investors. This trading behavior coincides with the recent large Bitcoin transfers to Coinbase, indicating active repositioning in the market.

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