Kraken and Bitstamp Bitcoin wallet balances increased significantly: in-depth analysis behind market changes
According to Coinglass data, in the past 7 days, Kraken Bitcoin wallet balances increased by nearly 33,000 BTC, and Bitstamp increased by nearly 1,767 BTC. These changes reveal the deep reasons for market movements and possible future trends.
Overview of Bitcoin balance changes on major exchanges
Coinbase Pro:
Current balance: 840,584.34 BTC Last 24 hours: Outflow 1494.27 BTC Last 7 days: Outflow 17091.91 BTC Last 30 days: Outflow 21885.49 BTC
Binance:
Current balance: 618,879.24 BTC Last 24 hours: Outflow 678.30 BTC Last 7 days: Inflow 12024.24 BTC Last 30 days: Inflow 21949.13 BTC
Kraken:
Current balance: 149,982.05 BTC Last 24 hours: Outflow 1791.53 BTC Last 7 days: Inflow 32939.68 BTC Last 30 days: Inflow 30077.62 BTC
Bitstamp:
Current balance: 26,684.56 BTC Last 24 hours: Outflow 2166.86 BTC Last 7 days: Inflow 1766.91 BTC Last 30 days: Inflow 1273.51 BTC
The significant increase in Bitcoin wallet balances on Kraken and Bitstamp reflects the market's increased trust in the two exchanges. Kraken, in particular, has inflowed nearly 33,000 BTC in the past 7 days, indicating that a large number of users choose to deposit Bitcoin on the platform.
Coinbase Pro's Bitcoin balance continues to outflow, which may indicate that users are looking for more competitive trading platforms or making large-scale fund allocations. Despite the highest balance, the continued outflow is a cause for concern.
Binance's significant inflows in the past 7 days and 30 days show the market's demand and trust in its platform. Especially during periods of high volatility in the crypto market, Binance continues to attract a large amount of Bitcoin inflows.
