2,878 Bitcoin Transfer Leads $318.7 Million in Three-Hour Crypto Moves

Exchange inflows exceeded outflows by $1.4 million in a three-hour window ending at 1:02 p.m. ET Nov. 13, when three large crypto transfers totaled $318.7 million.

The largest transfer was 2,878 Bitcoin (BTC), valued at $197.8 million, moving from one unknown wallet to another at 11:44 a.m. ET. No exchange was identified in that transaction.

At 11:29 a.m. ET, an unknown wallet sent 31,731 Ether (ETH), worth $61.1 million, to Coinbase Institutional. A minute later, Coinbase Institutional transferred 31,018 ETH, valued at $59.7 million, to an unknown new wallet. Among the three tracked transfers, the two involving Coinbase Institutional left inflows $1.4 million above outflows, based on displayed values.

Exchange deposits are watched as potential selling activity, while withdrawals are watched as possible signs of holding. The transfers alone do not establish that the assets were sold or retained. Thursday’s separate three-hour whale roundup covered $299.6 million in transfers, including a 1,500 BTC move between unknown wallets.