$50M
➔
Stablecoins moved to cold wallet, likely reserve management. $50M USDC moved from Coinbase Prime: Hot Wallet to Coinbase Prime Custody on Ethereum. Track the next cluster of transfers, wallet labels, and exchange interactions to confirm intent, liquidity impact, and broader market structure implications. Multi-hop follow-through is usually what separates routine noise from a meaningful whale signal. Medium priority whale transactions capital flow: look for confirmation in nearby transactions.