Whale Alert has observed six Bitcoin transactions involving over $307 million, attributed to Coinbase wallets. These transfers suggest internal fund management rather than external market exits. The movements came amidst a slight decline in Bitcoin price, which fell from its recent peak of $104,017 to $102,055. While these transactions may have originated from anonymous wallets, the data reveals a high likelihood that some funds were re-allocated to Coinbase’s custodial accounts. This aligns with the company’s role as a custodian for both individual users and large institutions, such as BlackRock, Fidelity, and Bitwise, who use Coinbase for their Bitcoin ETF investments. Galaxy Digital also moved $103 million in Ethereum to Coinbase following ETH’s recent price drop of 5.64%.