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Bitcoin leads $600.7M crypto transfers as more value exits exchanges than enters

Market News
07 Nov 2026, 07:44 WIB
Tokenpost
View Source
Neutral
Bitcoin leads $600.7M crypto transfers as more value exits exchanges than enters

In a series of six cryptocurrency transfers totaling $600.7 million, Bitcoin dominated the largest transactions, with significant amounts moving from Coinbase Institutional and Kraken to unknown wallets. Overall, more value left exchanges than entered them during this period, signaling potential shifts in investor behavior or custody preferences. Notably, Coinbase Institutional moved 1,697 BTC worth $130.5 million to a new unknown wallet, highlighting large-scale asset redistribution. These movements could indicate strategic repositioning or increased private holding of Bitcoin and other digital assets.

Bitcoin transfer activity is the story's subject, here is Pluang's market snapshot as of Nov 07, 2026 12:21 WIB: Among 50 major cryptocurrencies, 32 rose and 17 fell today. Bitcoin Cash (BCH) dropped 4.75% to Rp4.736.784 with 97% sell orders, Ripple (XRP) fell 3.34% to Rp20.905 with 68% buy orders, and Theta Network (THETA) rose 3.06% to Rp2.695 with 100% buy orders.

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