Bitcoin Transfers Worth $1.74 Billion Move from Major Exchanges to Private Wallets
Key Facts
TokenPost reported that seven transfers totaling $1.40 billion moved from Binance and Coinbase Institutional to unidentified wallets within a three-hour window. During the same period, Coinbase Institutional received two additional transfers amounting to $339.3 million.
These large-scale outflows align with a 20-day trend of declining exchange reserves, often interpreted as a sign of institutional accumulation. In equity markets, Coinbase (COIN) shares closed at $159.6 on October 26, 2026.
Latest Updates · 3
- Notable·
Update: Reports on October 27, 2026, identified a wallet linked to BlackRock's IBIT fund transferring 1,698 Bitcoin, valued at approximately $135.59 million, to Coinbase Prime. This movement represents a specific institutional inflow to exchanges, contrasting with the broader outflow trend observed in previous hours.
- Notable·
Update: Reports identified a dormant wallet, inactive for five months, withdrawing 11,330 BTC from Binance on October 27, 2026. This single transaction was valued at $902.7 million, further supporting the trend of liquidity moving from major exchanges to private storage.
- Notable·
Update: Bitcoin mining firm MARA transferred 1,000 BTC, valued at approximately $80 million, to the BitGo platform on October 27, 2026. This move by a major public mining company adds to the sequence of significant institutional transfers recently observed in the market.