A significant movement of Bitcoin has been detected on Coinbase, revealing a substantial withdrawal by an unknown cryptocurrency whale. Data tracking platform Whale Alert revealed the transfer, which sent approximately $59.3 million USD worth of Bitcoin to an anonymous wallet. ⏰ The massive move came just hours after analysts from CryptoQuant suggested whales might be preparing for a major sell-off on Coinbase Institutional. They noted that the premium on Bitcoin at Coinbase institutional has recently dipped again after recovering earlier this month. This, coupled with the lower price of Bitcoin on Coinbase Institutional compared to other exchanges, suggests potential selling pressure from US investors. 📈 The timing coincides with the awakening of two previously dormant crypto wallets— one active in 2013 and another in 2015. These whales have recently transferred a combined total of $324.2 million worth of Bitcoin to newly formed wallets, suggesting potential activity related to market manipulation. 🧐 This sudden shift in the Bitcoin landscape has sparked discussions on social media among cryptocurrency enthusiasts, with some speculating about a possible accumulation strategy by whales. 🕵️♀️