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$52.4M Bitcoin moved from Coinbase Institutional to unknown wallet, continuing a $189.9M transfer sequence.

Market News
05 Nov 2026, 03:31 WIB
Tokenpost
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Bearish
$52.4M Bitcoin moved from Coinbase Institutional to unknown wallet, continuing a $189.9M transfer sequence.

Bitcoin transactions totaling $189.9 million occurred within a three-hour window, starting with a $85.1 million deposit to Coinbase Institutional followed by two outflows totaling $104.8 million. The latest transfer moved 666 BTC worth $52.4 million from Coinbase Institutional to an unknown wallet, extending a trend of more Bitcoin leaving the platform than entering it. The reasons behind these transfers remain unclear, but the activity highlights significant Bitcoin movement involving Coinbase Institutional.

The story about Bitcoin transfers involving Coinbase Institutional is provided here with Pluang's cryptocurrency market context. For readers following major cryptocurrencies, 44 of 50 priced assets rose while 5 fell today. Notable movers include SXP down 46.27%, BAT up 11.81% with 83% sell order activity, and BAL up 11.14%. These figures are as of Nov 05, 2026 08:21 WIB.

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