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1,049 BTC worth $81.5M moved from Binance to Coinbase Institutional, signaling strong institutional Bitcoin demand.

Market News
21 Aug 2026
Crypto Briefing
View Source
Bullish
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A large transfer of 1,049 Bitcoin valued at about $81.5 million was moved from Binance to Coinbase Institutional, continuing a pattern of significant Bitcoin flows to Coinbase's custody platform this summer. This movement is notable because Coinbase Institutional serves large investors like hedge funds and ETF issuers, suggesting these transfers may be linked to institutional accumulation or ETF-related demand rather than retail trading. Over the past two months, more than 4,000 BTC worth over $275 million have shifted in similar transfers, indicating a systematic, large-scale buying approach rather than opportunistic trades. Neither exchange has commented on the transaction, but the trend highlights growing institutional interest in Bitcoin custody solutions.

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