List of Flash News about Cumberland BTC transfer
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2025-04-24 14:14 |
Cumberland Transfers 2,261 BTC to Coinbase: Market Implications
According to The Data Nerd, Cumberland deposited a total of 2,261 BTC (approximately $209.41M) to Coinbase in two separate transactions. The first transaction, 2,088 BTC (~$193.36M), occurred two hours ago followed by an additional 173 BTC (~$16.05M) 20 minutes ago. This movement suggests potential market activity, possibly signaling a sell-off strategy by Cumberland. Traders should monitor for increased volatility on Coinbase as such large transfers can influence Bitcoin's market price. These actions may indicate a shift in Cumberland's strategy, possibly anticipating a price correction or liquidity needs. |