Bitcoin Whales Deposit Nearly $500 Million in BTC to Coinbase Prime Overnight

Bitcoin whales transferred substantial holdings to Coinbase Prime overnight as Bitcoin traded near $80,800. Lookonchain reported that three whales deposited a combined 6,168 BTC worth roughly $498.5 million. Additionally, Arkham Intelligence tracked a separate deposit from wallet bc1q9 of 438.37 BTC valued at $35.38 million, representing roughly 71% of a withdrawal made 16 months earlier at $105,271 and carrying an unrealized loss exceeding $15 million. Another recent transfer involved two dormant wallets moving 2,571 BTC worth $206.52 million after three years of inactivity.