Exchange Inflows Exceed Outflows in $1.01 Billion Crypto Transfer Window

Nine cryptocurrency transfers totaling $1.01 billion took place during a three-hour window Thursday, with exchange inflows exceeding outflows by $244.5 million as Bitcoin, Ether and USDC moved through Coinbase and Kraken. The window ran from 11:05 a.m. to 2:05 p.m. ET Oct. 22. Transfers from unknown wallets to exchanges amounted to $629.3 million, compared with $384.8 million moving from exchanges to unknown wallets. The largest transaction sent 2,463 Bitcoin (BTC), valued at $200.8 million, from Coinbase to an unknown wallet at 12:43 p.m. ET. Exchange-bound transfers also included 2,049 BTC worth $167.4 million sent to Coinbase Institutional at 12:13 p.m.