BEARISH 55 Bitcoin.com News 2H ago · 1 min read

With Bitcoin Under $80k, Two Whales Send BTC Worth $206M to Coinbase

AI summary

Two bitcoin wallets dormant since 2023 moved a combined 2,571 BTC worth $206.5 million into Coinbase Prime on Monday, three minutes apart. The first deposited 986.31 BTC and the second followed with 1,584.98 BTC. Large transfers of old coins to an exchange prime desk often precede selling, and with BTC trading below $80k this adds to near-term supply and bearish sentiment.

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