Large Bitcoin movements have been detected across major exchange wallets over the past several hours, indicating a noticeable increase in whale activity. On-chain transfer data shows that more than 8,900 $BTC — valued at over $600 million — has moved toward exchange-related addresses within roughly seven hours, with most of the flows involving Binance and Coinbase infrastructure.
One of the largest transfers involved 2.48K $BTC (around $167.8M) sent directly to a Binance hot wallet. Around the same period, another 2.34K $BTC (~$157.9M) was transferred from institutional custodian Ceffu to a Binance deposit address. Transfers of this size moving into exchange wallets are typically monitored closely because they increase available liquidity and can precede large trading activity.
Coinbase wallets also recorded significant inflows. Approximately 2.2K BTC (~$148.7M) moved from Coinbase Prime custody to a Coinbase hot wallet, while another 1.825K BTC (~$123.4M) was transferred internally within Coinbase Prime infrastructure. In addition, about 1.95K BTC (~$130.9M) was sent from an unknown wallet to a Coinbase exchange address.
Altogether, these transfers represent close to 9,000 BTC entering exchange-connected wallets in a relatively short timeframe. While not every exchange inflow leads to immediate selling, such movements are often associated with positioning for large trades, derivatives collateral, or liquidity management by institutional participants.
Clusters of large inflows like this tend to attract attention because they can increase short-term supply available on exchanges. If the transferred funds move into active order books, they can amplify volatility, especially during periods of thin liquidity.
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