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As revealed thanks to data from&nbsp;<a href="https://x.com/whale_alert/status/1778329597324484802" rel="noopener noreferrer nofollow">Whale Alert</a>, an unknown whale sent 4,535 BTC, equivalent to $322.14 million, to the largest crypto exchange in the United States,&nbsp;<a href="https://u.today/coinbases-top-lawyer-urges-congress-to-pass-stablecoin-bill" rel="noopener noreferrer nofollow">Coinbase</a>, today. What adds even more color to this transfer is that it was made on Coinbase Institutional. That is Coinbase's business and financial institutions division, providing them with a full range of services for storing, buying and selling digital assets.
What is known about the sender? The address "147t6" is a relatively new player on the crypto scene. The first transactions with this address date back only two days earlier, when they withdrew the first 843.53 BTC, equivalent to $60.45 million, from Coinbase Prime.&nbsp;
From then until now, they were only transferring out&nbsp;<a href="https://u.today/rich-dad-poor-dad-author-bitcoin-btc-price-will-reach-23-million" rel="noopener noreferrer nofollow">Bitcoin</a> from Coinbase, thus accumulating 4,535 BTC, which was sent to Coinbase Institutional today. This address is now completely empty. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9f98f2e1-7531-4691-a150-5eb8806642d7" src="https://u.today/sites/default/files/inline-images/arkham.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/147t6NXZUHAWppZLvvMUUpXuf1GHPZg9qX" rel="noopener noreferrer nofollow">Arkham</a>
<h2 id="bitcoin-price-eyes-recovery">Bitcoin price eyes recovery</h2>
At this time, the&nbsp;<a href="https://u.today/epic-bitcoin-whale-initiates-massive-dump-but-theres-a-catch" rel="noopener noreferrer nofollow">price of Bitcoin</a> first fell 5.53%, dropping from $71,758 to $67,518. However, in the last 20 hours, the price of&nbsp;<a href="https://u.today/us-based-wealth-management-firm-gets-into-bitcoin" rel="noopener noreferrer nofollow">BTC</a> has started to show signs of recovery and is already quoted at $70,750.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="388c04b6-f576-4c96-8886-d7b7e25c9cfa" src="https://u.today/sites/default/files/inline-images/btc_559.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Trying to draw conclusions, we can speculate that this is either an internal operation of the exchange itself to move Bitcoin between its own structures, or a little trade from a large investor who decided to take a quick gain on the fall and recovery of the price of the main cryptocurrency.&nbsp;
Regardless, It will be interesting to follow this Bitcoin whale and see what it does next.

Mysterious Whale Unloads $322 Million in Bitcoin on Major US Exchange

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