Six Crypto Transfers Total $1.12 Billion as Exchange Inflows Edge Outflows

Six large crypto transfers totaling $1.12 billion took place in the three hours through 10:01 a.m. ET Monday, Nov. 2, as exchange inflows from unknown wallets exceeded exchange outflows by $8.5 million. Transfers from unknown wallets to Binance and Bitfinex totaled $412.3 million. Exchange outflows totaled $403.8 million, including Binance’s transfer to Tether Treasury and two Bitcoin withdrawals from Coinbase Institutional. Coinbase Institutional sent 663 Bitcoin (BTC), valued at $51.7 million, to an unknown wallet at 7:20 a.m. ET and 671 BTC, worth $52.3 million, to an unknown wallet at 7:50 a.m. ET.