TechFlow reports, according to on-chain analyst Yujin's monitoring, six hours ago a whale address transferred 10,000 BTC (worth approximately $267 million) to Coinbase.
On the morning of May 12, this whale address had previously transferred 10,000 BTC to Coinbase when the BTC price was $27,620. One day after this address deposited BTC into the exchange on May 12, BTC dropped to $25,811, a decline of 6%.
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