Bitcoin Worth $52.4 Million Moves From Coinbase Institutional to Unknown Wallet

Bitcoin (BTC) worth about $52.4 million moved from Coinbase Institutional to a wallet described as unknown on Nov. 4, after a larger BTC transfer entered the platform earlier the same day. The two transfers ran in opposite directions, putting a 668 BTC outflow after a 1,086 BTC inflow. The outgoing transaction involved 668 BTC valued at $52,446,502. Earlier, 1,086 BTC worth about $85.08 million moved from an unknown wallet into Coinbase Institutional. The incoming amount was larger than the later transfer, although both transactions involved the same platform and cryptocurrency.