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15,000 ETH Withdrawn From Coinbase — Monitor for Reduced Exchange Supply

I noticed a 15,000 ETH (~$66.6M) transfer from Coinbase Institutional to an unknown wallet. That move removed a large chunk of ETH from an exchange-controlled address, which can tighten on-exchange supply.

I view this as a data point rather than a trade trigger: it could indicate long-term custody or OTC settlement rather than immediate selling. I’m watching the destination wallet and any follow-up activity before changing my stance.

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Analysis

Large withdrawals from major exchanges often reduce available sell-side liquidity and can be mildly bullish, but the intent is ambiguous: custody, OTC settlement, or pre-sale are all possible. Confirm...

Recommendation

Watch the receiving address and market depth; do not act immediately. If the wallet shows accumulation or the transfer coincides with shrinking exchange balances, consider buying on weakness or initia...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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