15,000 ETH Moved Off Coinbase — Monitor for Potential Market Impact
I noticed a movement of 15,000 ETH (about $66.6M) from a Coinbase Institutional address to an unknown wallet. Large off-exchange transfers like this can reflect custody reshuffles, OTC activity, or preparations for a sale.
I’m not treating this as an immediate sell signal on its own, but I’ll monitor on-chain behavior closely — look for subsequent transfers to exchanges, clustering with known OTC wallets, or spending patterns that indicate liquidation.
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Disclaimer
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