Coinbase’s Bitcoin Ballet: 800k BTC Shuffled Like a Victorian Heist 🕺💰

Coinbase, ever the dandy of decentralization, has relocated 4.01% of all Bitcoin in circulation-a sum so vast it could fund a thousand tea parties for the Queen of England. These coins, once lounging in P2PKH wallets (a format so last season), now reside in P2WPKH addresses, upgraded with the urgency of a Victorian gentleman swapping his cravat for a bow tie. Btcparser.com, that digital Sherlock Holmes, and Sani, the onchain sleuth, have both flagged this grand maneuver.




