Coinbase Institutional Bitcoin Outflows Reach $104.8 Million Following Second Transfer

Coinbase Institutional recorded $104.8 million in total Bitcoin outflows across two separate transfers on November 4, resulting in a net platform outflow of $19.7 million across a three-transfer sequence. The movements culminated at 6:56 a.m. ET with a 666 BTC withdrawal worth $52.4 million to an unknown wallet, following an earlier 668 BTC outflow of approximately $52.45 million. The sequence began earlier that day with a 1,086 BTC deposit valued at $85.1 million. This follows earlier large-scale activity on November 2, when Coinbase entities recorded $80.2 million in net Bitcoin outflows.