Bitcoin Transfer to Coinbase Leads 11 Crypto Moves Worth $1.16 Billion

Eleven large cryptocurrency transfers worth a combined $1.16 billion were recorded in a three-hour period ending at 2:05 p.m. ET (18:05 UTC) Tuesday, Oct. 20, led by 2,111 Bitcoin (BTC) worth $175.3 million sent to Coinbase Institutional. Four transfers from unknown wallets to Coinbase Institutional totaled $470.3 million. The largest arrived at 11:19 a.m. ET (15:19 UTC), followed one minute later by transfers of 1,632 BTC ($135.5 million) and 1,168 BTC ($97 million). A fourth transfer of 754 BTC ($62.5 million) arrived at 1:24 p.m. ET (17:24 UTC).

Source: TokenPost