$211.2M
Coinbase: Cold Wallet
0xb166b43b24c2e42a12b2f788ae0efa536a914530
➔
Coinbase: Hot Wallet
0xa9d1e08c7793af67e9d92fe308d5697fb81d3e43
Capital shifting between wallets, neutral flow change. $211.2M USDC moved from Coinbase: Cold Wallet to Coinbase: Hot Wallet on Ethereum. Monitor follow-up routing to distinguish internal treasury rotation, market-maker rebalancing, bridge settlement, and true directional position change. Low priority whale flow: treat as context unless similar transfers repeat.