On-chain data shows an unknown wallet transferred 1,013 Bitcoin, valued at $64,604,807, to Coinbase Institutional.
That transaction is part of a larger wave. Earlier, 2,241 Bitcoin worth $142,885,642 moved from another unknown wallet to the platform. An additional 923 Bitcoin valued at $59,194,553 also arrived from an unknown wallet.
Total Bitcoin inflows to Coinbase Institutional from unknown wallets exceeded 4,177 BTC—over $266 million—during the reported period. These transfers point to large entities positioning capital inside the market.
Kraken recorded multiple large Bitcoin outflows to unknown wallets: 1,122 BTC ($71,542,679), 1,793 BTC ($114,341,533), 1,049 BTC ($67,322,559), 1,790 BTC ($114,959,257) and 1,045 BTC ($66,965,485). Exits from centralized exchanges typically signal a move to self-custody or transfers to other platforms.
Coinbase recorded an outflow of 2,242 Bitcoin ($142,763,056) to an unknown wallet, contrasting with an earlier inflow of 1,425 BTC ($91,163,355) to the main exchange—active rebalancing among large holders.
Stablecoin flows ran hot alongside the Bitcoin moves. An unknown wallet transferred 120,000,000 USDC ($119,947,200) to Coinbase Institutional. Separately, 102,817,878 USDT ($102,778,293) moved from an unknown wallet to Bitfinex, indicating liquidity positioning across exchanges.
The USDC Treasury minted 250,000,000 USDC valued at $250,162,499—fresh supply entering the market that often precedes new capital deployment into digital assets.
A notable DeFi flow: 180,000,000 USDC ($179,970,390) moved from Aave to an unknown whale wallet, followed almost immediately by 180,027,775 USDC ($179,989,792) moving back to Aave. That round-trip suggests yield farming or large-scale rebalancing inside decentralized finance protocols.
Morgan Stanley downgraded Circle, citing slowing USDC growth and rising stablecoin competition.
Senators urged the SEC to investigate the TRUMP meme coin following a reported 98 percent collapse.
Off-exchange Bitcoin transfers also ran large: 6,196 BTC ($397,294,932), 1,791 BTC ($114,724,042) and 8,144 BTC ($524,113,679) moved between unknown wallets—substantial private transactions or internal reallocations by major players.
Bitcoin trades at $63,562, down 1.0 percent over the last 24 hours. The Crypto Fear & Greed Index sits at 29.
