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✉news BusinessCrypto first seen 5 h ago, last 30 min ago, peak #7

1,700 Bitcoin Worth $142M Moved Off Coinbase

Original: 1,700 Bitcoin valued at $142M moved off Coinbase Institutional to unknown wallet

A transfer of 1,700 Bitcoin, valued at roughly $142 million, moved off Coinbase Institutional to an unknown wallet. Large transfers from exchange custody accounts often prompt speculation about whether an institution is repositioning holdings, preparing a sale, or shifting assets to cold storage. Crypto watchers are tracking the destination address for further movement.

Why now: Large on-chain transfers from exchange custody typically spark speculation about institutional selling or repositioning.

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