Bitcoin Whales Deposit $700M to Coinbase Near $80K as Mixed Flows Surge

On May 15, large Bitcoin holders sent over 10,450 BTC worth more than $700 million to Coinbase and FalconX in a single day, intensifying near-term selling pressure while BTC traded around $80,000. The move capped a volatile two-week period that began with bullish Binance outflows of 400 BTC and 1,051 BTC on May 1-2 alongside $630 million in ETF inflows. Subsequent developments included multiple dormant 2013-era wallets moving hundreds of BTC, a $1.29 billion USDT outflow, an $80 million Hyperliquid long position, and a loss-realizing 489 BTC Binance deposit, leaving institutional flows in a tug-of-war between accumulation and distribution.