In accordance with Bijing.com, a transaction of 5,869 BTC (approximately 513.8 million USD) was detected moving from Coinbase's cold wallet to an unmarked new address. The transaction went through multiple hops, and the target wallet also received two additional transfers of 152.611 BTC and 50.87 BTC. Bitcoin's price remained relatively stable at around 87,648 USD after the alert. The movement could indicate long-term holding or routine operations such as internal address rotation or cold storage rebalancing.
513.8 Million USD Worth of Bitcoin Moved from Coinbase Cold Wallet to New Address
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Summary
A recent transaction moved 5,869 BTC (about 513.8 million USD) from Coinbase's cold wallet to a new, unmarked address. The transfer included two more inflows of 152.611 BTC and 50.87 BTC. BTC price held steady near 87,648 USD. The movement may reflect long-term holding or routine operations like address rotation. Traders are also keeping an eye on altcoins to watch amid shifting market conditions.
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