$100M
Coinbase 10
-> Coinbase: Circle Deposit 1
Stablecoins rotated between wallets, operational flow adjustment. $100M USDC moved from Coinbase 10 to Coinbase: Circle Deposit 1 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.