Bitcoin whales move nearly $500M to Coinbase Prime overnight
Three Bitcoin whales moved a combined 6,168 BTC, worth roughly $498.5 million, into Coinbase Prime overnight, according to Lookonchain. Large deposits to an exchange's prime brokerage often precede selling, and this comes while Bitcoin's price is already struggling. Traders will watch whether the coins hit the open market, which could add further downward pressure.