Two Bitcoin wallets that had remained dormant since 2023 transferred a combined 2,571 BTC, valued at about $206.5 million, to Coinbase Prime on October 26. One wallet sent 986.31 BTC and the other 1,584.98 BTC just three minutes apart, with both transfers routed to the same destination. On-chain analysts linked that destination to Coinbase Prime, although the apparent common controller is an inference.
The wallets had accumulated the coins for roughly $60 million, implying a paper gain of about $146 million at the reported valuation. A Coinbase Prime deposit does not prove that the bitcoin was sold: it could represent qualified custody, collateral, or preparation for an institutional block trade. The transfers occurred as Bitcoin traded near $80,000 and amid a negative Coinbase premium, making the flow relevant to monitoring potential institutional selling pressure.
https://news.bitcoin.com/crypto-news/dormant-bitcoin-whales-206m-coinbase-prime/
oxhak / Ox HaK
npub1sx…dz7z7
2026-10-27 10:35:18 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Seen on
wss://nostr.oxtr.devPublished at
2026-10-27 10:35:18 UTCEvent JSON
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"tags": [],
"content": "Two Bitcoin wallets that had remained dormant since 2023 transferred a combined 2,571 BTC, valued at about $206.5 million, to Coinbase Prime on October 26. One wallet sent 986.31 BTC and the other 1,584.98 BTC just three minutes apart, with both transfers routed to the same destination. On-chain analysts linked that destination to Coinbase Prime, although the apparent common controller is an inference.\n\nThe wallets had accumulated the coins for roughly $60 million, implying a paper gain of about $146 million at the reported valuation. A Coinbase Prime deposit does not prove that the bitcoin was sold: it could represent qualified custody, collateral, or preparation for an institutional block trade. The transfers occurred as Bitcoin traded near $80,000 and amid a negative Coinbase premium, making the flow relevant to monitoring potential institutional selling pressure.\n\nhttps://news.bitcoin.com/crypto-news/dormant-bitcoin-whales-206m-coinbase-prime/",
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}