Within a three-hour window ending at 8:03 a.m. ET on October 20, five large Bitcoin transfers worth a total of $652.5 million took place. Coinbase Institutional was involved in these transactions, sending more Bitcoin value to unknown wallets than it received. The two largest transfers, 3,486 BTC ($283.8M) and 2,489 BTC ($202.9M), moved between unknown wallets. Coinbase Institutional received 769 BTC ($62.7M) but sent out 1,265 BTC ($103.1M) in two separate transactions. These movements could indicate potential selling or holding activity, but the direction of transfers alone does not confirm if the Bitcoin was sold or how long the recipient will keep it.
The recent large Bitcoin transfers totaling $652.5 million provide context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 21, 2026 01:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 44 rose and 5 fell today. Notable movers include AXS (Axie Infinity) at Rp18.981 with a 1-day change of +5.51% and 100% sell order activity, COTI at Rp202 with +5.44% and 67% sell order activity, and VET (VeChain) at Rp127 with +5.03% and a near-even buy/sell split.
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