$38.8M
Coinbase: Coinbase Prime Custody
-> Coinbase 5
Capital shifting between wallets, neutral flow change. $38.8M ETH moved from Coinbase: Coinbase Prime Custody to Coinbase 5 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.