A $226.7 Million Bitcoin Transfer Leads $830.1 Million in Crypto Moves

Eight large crypto transfers worth $830.1 million moved through exchanges and unknown wallets in three hours through 1:01 p.m. ET Monday, Nov. 9, with exchange-bound value edging outflows. The largest was a 3,016 Bitcoin (BTC) transfer worth $226.7 million from Coinbase Institutional to an unknown new wallet at 11:19 a.m. ET.

Four transfers from unknown wallets to Coinbase Institutional totaled $385.2 million: 879 BTC worth $65.8 million at 10:17 a.m. ET, 2,074 BTC worth $156.6 million at 11:05 a.m. ET, 958 BTC worth $72 million at 11:19 a.m. ET and 1,213 BTC worth $90.8 million at 12:23 p.m. ET.

Coinbase Institutional also sent 1,358 BTC worth $101.9 million to an unknown wallet at 11:37 a.m. ET and 1,140 BTC worth $85.3 million to an unknown new wallet at 12:36 p.m. ET. At 12:06 p.m. ET, an unknown wallet sent 411,999 Hyperliquid (HYPE) worth $31 million to FalconX.

Transfers from unknown wallets to exchanges totaled $416.2 million, compared with $413.9 million moving from exchanges to unknown wallets. Observers sometimes monitor exchange deposits for possible selling and withdrawals for possible holding, but the transfers alone do not show whether a sale took place.