Bitcoin Transfers Lead $581.9 Million in Three-Hour Crypto Moves

Five crypto transfers worth about $581.9 million were recorded in the three-hour period ending at 8:05 p.m. ET (00:05 UTC Oct. 21) on Oct. 20. The largest was a 2,361 Bitcoin (BTC) transfer worth $195.7 million between unknown wallets at 5:44 p.m. ET (21:44 UTC).

A second move between unknown wallets involved 1,606 BTC worth $133.1 million at 5:43 p.m. ET (21:43 UTC). At 7:48 p.m. ET (23:48 UTC), 133,980,000 USD Coin (USDC) valued at $134 million moved from Aave to Unknown Whale 1.

Two transfers involving Coinbase went in opposite directions. An unknown wallet sent 674 BTC worth $55.9 million to Coinbase at 5:28 p.m. ET (21:28 UTC), while Coinbase sent 763 BTC valued at $63.3 million to an unknown new wallet at 5:44 p.m. ET (21:44 UTC).

The later window followed a separate Oct. 20 roundup of Bitcoin transfers that ended at 2:05 p.m. ET. The transactions show where assets moved, but not what the wallet owners intend to do next.