Very important information!!!
In recent days, Kraken has seen an outflow of over 49,100 BTC, the largest outflow since 2017! In USD terms, this is the largest outflow in the exchange's history, totaling an incredible $3.33 billion!
As a result, Kraken's Bitcoin reserves have fallen to 2018 levels, currently holding 122,300 BTC.
According to multiple address checks, these flows of tokens occurred synchronously and quickly, which could indicate that these outflows were made by Kraken itself in order to reallocate its reserves, or as part of an institutional strategy.
