Crypto analytics platform Whale Alert has reported significant Bitcoin activity on major US exchange Coinbase. A notable transfer of 619 Bitcoins, valued at $68 million at the time of transaction, arrived at Coinbase Institutional, their branch catering to institutional clients. The flurry of large transactions coincides with Bitcoin’s recent decline below the $110,000 mark. Whale Alert subsequently observed another massive transaction involving Coinbase. This transfer saw 8,022 Bitcoins, worth a staggering $878 million USD, moved from Coinbase to an anonymous cryptocurrency wallet. The transfers were made in batches of around 200 Bitcoin each, all destined for a single recipient.