$39.2M
Coinbase Prime: Hot Wallet
➔ Coinbase Deposit
Capital shifting between wallets, neutral flow change. $39.2M ETH moved from Coinbase Prime: Hot Wallet to Coinbase Deposit on Ethereum. Monitor the follow-up routing to distinguish internal treasury rotation, market-maker rebalancing, bridge settlement, and exchange wallet management from a true directional position change, because similar routes can look bullish or bearish without full context. Low priority whale transactions capital flow: treat as context unless similar transfers repeat.