A report from Whale Alert has revealed that 2,501 Bitcoin (BTC) worth around $256.4 million has been transferred to Coinbase International, a subsidiary of a major U.S. cryptocurrency exchange. The receiving address was only activated a week ago and had no significant activity until another unknown address deposited BTC. There were overlaps with a Coinbase Prime address, suggesting that the transfer may be from an entity rather than an individual investor. Concerns have been raised about a potential sell-off, as such a large transfer could put pressure on the price of Bitcoin. The timing of the transfer, just before the weekend and as a new U.S. administration takes over, adds further intrigue to the situation.



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