Bitcoin Records Over $1 Billion Net Exchange Outflows Following Massive Whale Transfers

Bitcoin recorded net exchange outflows exceeding $1 billion over a 24-hour period on October 27, with approximately 12,570 BTC withdrawn as the cryptocurrency traded near $80,487. The movement reversed positive net inflows of over 7,000 BTC from the prior day. The surge followed nine major transactions totaling $1.74 billion across a three-hour window earlier that morning, which saw $1.40 billion transferred off exchanges into private wallets. Major movements included two Binance withdrawals of 6,325 BTC and 5,000 BTC, alongside deposits totaling over 4,248 BTC into Coinbase Institutional.