A BTC whale moved 𝟰𝟯𝟴.𝟯𝟳 𝗕𝗧𝗖 ($35.4M) to Coinbase Prime overnight — 16 months after withdrawing 615.4 BTC from the same custodian at an average cost of $105,271. At $80,807 per BTC, the whale's remaining holdings are down over $15M in unrealized losses, with $14.31M still in position. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $35M deposit from a whale already sitting on $15M+ in unrealized losses is a classic 𝗰𝗮𝗽𝗶𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻-𝗿𝗶𝘀𝗸 setup. Coinbase Prime serves both custody and institutional trading, so the intent is ambiguous — but the size and underwater cost basis raise the odds of forced or capitulation selling. Watch whether this flows to spot selling or stays in Prime custody. If it converts to active selling, it adds to the sell-side pressure already building from recent ETH whale exchange deposits. https://arkm.com/explorer/address/bc1q9kaamrrp069ek3esf7n983y0ml8g0drp29l77q source: arkham Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=3199