Over $130 Million in Bitcoin Arrives at Coinbase: Is This a Whale Play?

Coinbase has received a massive influx of Bitcoin worth over $130 million, raising eyebrows among crypto analysts and fueling speculation about potential market shifts. The transfer, tracked by blockchain monitoring platform Whale Alert, involved two separate transactions totaling 1,546 BTC from a single anonymous wallet on April 17th. The first transfer saw 746 BTC valued at approximately $63.1 million, followed shortly by another with 800 BTC worth around $67.7 million. This mysterious wallet has been known to execute large-scale Bitcoin transactions across exchanges, igniting discussions about potential whale strategies.