420 BTC Move to Coinbase Signals Potential Selling Pressure
I noticed a transfer of 420 BTC (about $51.86M) from an unknown wallet to Coinbase Institutional. Large inflows to a major exchange often precede selling or position rebalancing by institutions.
I think this raises short-term downside risk for Bitcoin, though it could also be custody movement ahead of OTC settlement rather than an immediate dump. I'll monitor further exchange balance changes, order book liquidity, and stablecoin flows for confirmation.
I'm cautious: I won't add to long positions right now and will consider trimming exposure or selling on strength if additional signs of distribution appear.
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