đ± Kraken Witnesses Largest $BTC And $ETH Outflows Ever!
đ€Ż Kraken witnessed an outflow of over 49,100 BTC, the largest since 2017. In terms of USD, this is the largest outflow in the exchangeâs history, totaling $3.33 billion.
đ” It also saw a massive outflow of 572,100 ETH, equivalent to $2.15 billion! Krakenâs BTC reserves dropped to 2018 levels, holding 122,300 BTC. For Ethereum, Krakenâs reserves have fallen below 1 million units.
đ€ The synchronized and rapid coin movements might indicate that these outflows were executed by Kraken itself to reposition its reserves or as part of an institutional strategy.
