3,543 Bitcoin Transfer Leads $637.6 Million in Crypto Moves

Four large crypto transfers valued at $637.6 million took place in a three-hour period ending Nov. 6 at 4:01 p.m. ET, with $215.4 million moving to Bitfinex and no exchange outflows.

Bitcoin (BTC) accounted for the two largest moves. A transfer of 3,543 BTC, valued at $268.9 million, passed between unknown wallets at 3:08 p.m. ET. One minute later, 2,022 BTC worth $153.3 million moved between unknown wallets.

The two Bitfinex transfers involved Tether USDt (USDT). An unknown wallet sent 107.5 million USDT, valued at $107.5 million, to the exchange at 1:50 p.m. ET. A minute later, another unknown wallet sent 108 million USDT worth $108 million.

Exchange deposits are often monitored as potential selling activity, but these transfers alone do not establish that any tokens were sold. The Bitcoin moves did not name an exchange destination, and no transfers from exchanges to unknown wallets appeared during the window.