Not all Coinbase wallets are created equal. Some are just casual coffee shop Bitcoin wallets, and others are basically Fort Knox in digital form.

If your Bitcoin is chilling in a regular Coinbase wallet, it probably means you’re gearing up to sell — because why not turn crypto into cold, hard cash whenever you want?

But if it’s hanging out in Coinbase Institutional wallets, it’s probably the hedge funds, ETFs, and custodians doing their best BFF impressions — as in, “We’re holding this for later, not for brunch.”

Plus, Coinbase is kind of like the trusted babysitter for U.S. spot Bitcoin ETFs, so these big money moves might just mean the pros are playing chess while everyone else is playing checkers.

Are whales really selling or just flexing? Stay tuned.