According to @OnchainLens, wallets labeled as BlackRock received 300 BTC worth $27.51M and 16,629 ETH worth $50.64M from Coinbase within the last 10 minutes, with the label and transfer path verifiable on Arkham Intelligence’s entity explorer, source: @OnchainLens; Arkham Intelligence. According to @OnchainLens, over the past three days these BlackRock-labeled wallets received a cumulative 4,044 BTC worth $354M and 80,121 ETH worth $235M from Coinbase, corroborated by Arkham Intelligence’s BlackRock entity page, source: @OnchainLens; Arkham Intelligence. According to @OnchainLens, the reported figures imply approximate average transfer prices of ~$91,700 per BTC and ~$3,045 per ETH for the latest batch, and ~$87,537 per BTC and ~$2,933 per ETH across the three-day window based on the cited totals, source: @OnchainLens. According to @OnchainLens, all movements were Coinbase-to-BlackRock-labeled addresses, indicating net exchange outflows to institutional custody at those timestamps per Arkham Intelligence’s on-chain labels, source: @OnchainLens; Arkham Intelligence.

According to Lookonchain, Bitwise’s BSOL Solana ETF withdrew 192,865 SOL ($26.39M) from Coinbase and now holds 4,317,187 SOL valued around $587M (source: Lookonchain on X). Arkham Intelligence’s Bitwise entity page shows the transfer from Coinbase to Bitwise-tagged wallets and reflects the current on-chain SOL balance (source: Arkham Intelligence). The ETF’s official site reports the latest SOL holdings and AUM figures that underpin these USD valuations (source: bsoletf.com). Based on Lookonchain and Bitwise data, the 192,865 SOL withdrawal equals roughly 4.5% of the reported 4.317M SOL holdings (sources: Lookonchain, bsoletf.com).

According to @ai_9684xtpa, a new address 0x85E...A8408 withdrew 8,686 ETH worth approximately 24.41 million dollars from Coinbase over the past 8 hours at an average withdrawal price of 2,811 dollars, based on on-chain monitoring, source: X post by @ai_9684xtpa on Nov 24, 2025; Arkham Intelligence intel.arkm.com/explorer/address/0x85E1497557b51ae4FCFaE8Ba54A986ab941A8408. According to @ai_9684xtpa, it is not yet confirmed whether this represents new accumulation or an internal transfer between Coinbase hot wallets, source: X post by @ai_9684xtpa on Nov 24, 2025. According to @ai_9684xtpa, the wallet can be tracked on Arkham Intelligence at intel.arkm.com/explorer/address/0x85E1497557b51ae4FCFaE8Ba54A986ab941A8408 for subsequent movements, source: X post by @ai_9684xtpa on Nov 24, 2025; Arkham Intelligence. According to @ai_9684xtpa, the post was sponsored by Gate exchange, source: X post by @ai_9684xtpa on Nov 24, 2025.

According to @caprioleio, 165,000 BTC were withdrawn from Coinbase over the weekend and the cause has not been disclosed (source: @caprioleio). According to @caprioleio, the last comparable plunge in Coinbase Bitcoin balances occurred just after the FTX collapse, when BTC traded near 16,000 dollars (source: @caprioleio). Large net outflows reduce on-exchange balances and reflect coins moving to self-custody, a dynamic that has been documented to coincide with tighter immediate spot liquidity on exchanges (sources: Glassnode; Kaiko Research). Kaiko Research has reported that thinner order book depth increases price impact per trade, which traders may consider when assessing short-term BTC volatility following major exchange outflows (source: Kaiko Research).

According to @Andre_Dragosch, another 6,686.7 BTC was withdrawn from Coinbase, flagging a notable exchange outflow that traders are monitoring for near-term market impact. Source: Andre Dragosch on X, Nov 17, 2025. Historically, sustained BTC net outflows from exchanges align with falling exchange reserves and accumulation phases that have coincided with stronger price performance in prior cycles. Source: Glassnode, The Week On-Chain research (2020–2024). Such withdrawals reduce immediately available spot inventory on exchanges and can lessen near-term sell pressure, affecting order book depth and liquidity. Source: CryptoQuant Research on Exchange Flows. Traders are watching basis and funding rates, as well as Coinbase–Binance spot spreads, to confirm whether these outflows translate into sustained buy-side pressure. Source: Binance Research on market indicators; CME Group education on basis and funding.

According to @ai_9684xtpa, a newly created wallet 0x311...5FD1A withdrew 7,889 ETH worth $31.41 million from Coinbase over the last 8 hours at an average withdrawal price of $3,982 (source: @ai_9684xtpa on X; Arkham Intelligence address explorer). All ETH flows were reported as originating from Coinbase, indicating a net outflow from the exchange to this address (source: @ai_9684xtpa on X). The author also notes the activity could be wallet consolidation, so traders may monitor subsequent transactions from 0x311...5FD1A to gauge whether accumulation continues or funds return to exchanges (source: @ai_9684xtpa on X; Arkham Intelligence address explorer).