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Unknown wallets transfer $222.6M in crypto to exchanges within three hours on Oct 20

Market News
21 Oct 2026
Tokenpost
View Source
Neutral
Unknown wallets transfer $222.6M in crypto to exchanges within three hours on Oct 20

On October 20, three large cryptocurrency transfers totaling $222.6 million were made to exchanges within a three-hour window. An unknown wallet sent 112 million USDT (Tether) worth $111.9 million to Bitfinex at 2:11 p.m. ET. Shortly after, 24,544 ETH valued at $60.2 million was sent to Beacon Depositor, and 610 BTC worth $50.5 million was sent to Coinbase Institutional. These transfers indicate increased crypto inflows to exchanges, potentially making these assets available for trading, though it does not confirm selling activity. Earlier on the same day, even larger transfers totaling $957.6 million were recorded, including $836.8 million sent to exchanges.

As of Oct 21, 2026 15:51 WIB, USDT on Pluang trades at Rp17.974 with a slight 1-day decline of 0.22%, while BTC and ETH have gained 2.26% and 2.77% respectively. The large transfers to exchanges noted in the news contrast with Pluang's current order activity, where BTC sees 66% sell orders and USDT 71% sell orders, indicating active trading interest. Notably, BTC holds a market cap of Rp30.038,47 trillion on Pluang, highlighting its dominant position in the crypto market.

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