According to on-chain surveillance platform CryptoQuant, multiple major spot exchanges, including Coinbase Advanced, Coinbase Prime, and Bitstamp, received around 5,390.19 BTC valued at roughly $500 million in a span of only 60 minutes. Experts believe that this substantial inflow could be attributed to deposits made by clients seeking institutional-grade custody services. This recent incident highlights the evolving trend of cryptocurrency adoption by institutional investors and organizations. As the industry matures, we can expect continued growth in the liquidity and adoption of digital assets in the years to come.