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Crypto Transfers Total $1.48 Billion in Three-Hour Window

A 3,500 Bitcoin (BTC) transfer between unidentified wallets was valued at $256.4 million; exchange flows were nearly even.

Updated 1 min read
An editorial chart depicts large crypto transfers between exchanges and unidentified wallets. / EconoTimes.ai
An editorial chart depicts large crypto transfers between exchanges and unidentified wallets. / EconoTimes.ai

The largest entry was a 3,500 Bitcoin (BTC) transfer between unidentified wallets at 11:31 a.m. ET. The 13 transactions carried a combined stated value of $1.48 billion in a window ending at 1:01 p.m. ET Nov. 10.

The tally put exchange outflows to wallets with unidentified owners at $464.8 million and transfers from those wallets back to exchanges at $459.2 million.

That transfer had a stated value of $256.4 million.

At 10:15 a.m. ET, Binance transferred 2,295 BTC to Ceffu, listed at $171.4 million. At 11:45 a.m. ET, Ceffu recorded a transfer of the same amount to a wallet with no identified owner, listed at $167.2 million.

The tally listed three Coinbase Institutional transfers: 1,770 BTC worth $129 million to a new wallet with no identified owner at 12:01 p.m. ET, 1,086 BTC valued at $79.1 million to an unidentified wallet at 11:45 a.m. ET, and 44,262 Ether (ETH) worth $89.5 million to a new unidentified wallet at 12:34 p.m. ET.

On the deposit side, an unidentified wallet sent Coinbase Institutional 1,376 BTC ($100.8 million) at 11:31 a.m. ET; Kraken received 952 BTC ($69.4 million) at 12:48 p.m. ET.

The tally follows an earlier EconoTimes count of 10 crypto transfers valued at $1.17 billion over a separate three-hour period.

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