Someone just moved 1,049 BTC, worth roughly $81.5 million, from Binance to Coinbase Institutional. That’s the kind of transaction that makes whale watchers sit up straighter in their chairs.
The transfer, flagged by on-chain monitoring service Whale Alert, adds to a growing pattern of large Bitcoin flows heading toward Coinbase’s institutional custody arm over the past two months.
A pattern, not an anomaly
This isn’t a one-off event. It’s part of a concentrated streak of large Bitcoin transfers flowing into Coinbase Institutional throughout July and August.
On July 7, a transfer of 1,137 BTC worth approximately $72.9 million made the same journey. On August 7, another 887 BTC moved over, valued at roughly $57.7 million. Four days later on August 11, yet another 1,013 BTC, about $64 million, followed the same path.
