A surge in institutional activity is indicated by significant Bitcoin transfers to Coinbase Institutional and Cumberland.
Over $410 million in Bitcoin was transferred to Coinbase Institutional in multiple transactions, with amounts ranging from 460 to 465 BTC each.
Cumberland, another major crypto trading firm, received substantial Bitcoin transfers, including 1,113 BTC, 1,021 BTC, and 984 BTC.
Noteworthy transactions involving Binance and internal transfers between Cumberland and Coinbase Institutional point towards strategic positioning and professional involvement in the Bitcoin market.