Over $770M in Bitcoin Moved to Coinbase and Cumberland as Institutional Activity Surges
Bitcoin whales have moved over 10,000 BTC (worth more than $770 million USD) within the past 24 hours, according to transaction data from Whale Alert.
A series of large transfers were directed toward Coinbase Institutional and Cumberland, signaling a notable rise in institutional activity.
At least 8 separate transfers ranging from 460 to 465 BTC each, totaling more than 3,700 BTC (~$410M), were sent from unknown wallets to Coinbase Institutional. Additionally, a 765 BTC withdrawal was spotted moving from Coinbase to a new unknown wallet.
Meanwhile, Cumberland, a major crypto trading firm, received multiple incoming transfers, including:
- 1,113 BTC (~$120.9M) from an unknown wallet
- 1,021 BTC (~$112.1M) from another unknown wallet
- 984 BTC (~$108M) sent from Cumberland to Coinbase Institutional, possibly indicating internal reshuffling or liquidity provisioning.
One notable transaction also involved 599 BTC (~$65.5M) sent to Binance, further suggesting strategic positioning across multiple exchanges.
These high-value moves typically hint at institutional rebalancing, OTC activity, or preparation for large-scale market participation. While such flows can precede volatility, they also underline the growing involvement of professional entities in Bitcoin’s ecosystem.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
