1,500 Bitcoin Transfer Leads $299.6 Million in Three-Hour Whale Moves

Four large crypto transfers totaling $299.6 million took place in the three hours ending 10:05 a.m. ET Thursday, Nov. 12, as more value moved from Coinbase Institutional to unknown wallets than into the exchange. The largest move was 1,500 Bitcoin (BTC), worth $109.1 million, transferred at 8:41 a.m. ET from an unknown wallet to an unknown new wallet. Coinbase Institutional sent 702 BTC, valued at $51.2 million, to an unknown wallet at 7:26 a.m. ET. It sent 36,190 Ether (ETH), worth $72.4 million, to an unknown wallet at 9:59 a.m. ET. One minute earlier, an unknown wallet had transferred 33,430 ETH, valued at $66.9 million, to Coinbase Institutional. In total, $123.6 million moved from Coinbase Institutional to unknown wallets, compared with $66.9 million moving into the exchange.

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