1000 BTC transferred into Coinbase, worth approximately USD 77.11 million

TechFlow news, Oct 31, according to Whale Alert, around 02:00 Beijing time, a total of 1,000 BTC were transferred from an unknown wallet into Coinbase, worth approximately USD 77.11 million at the time of transfer.

The sending address currently has no public label, so the identity of the sender and the purpose of the funds cannot be confirmed. Large BTC inflows to exchanges are typically viewed by the market as potential sell signals, but may also be related to institutional custody adjustments, OTC settlement, or market-making arrangements; the specific details remain subject to further on-chain tracking.

Source: TechFlow