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What does the large BTC flow imply? Kraken's single-day net outflow of 662 coins hits a new high
【Blockchain Rhythm】A fascinating phenomenon has emerged in the cryptocurrency market over the past 24 hours—significant changes in the flow patterns of BTC across major exchanges. According to on-chain data tracking, CEX experienced a net outflow of 701.76 BTC yesterday. What does this number indicate?
The largest outflow was from Kraken, which withdrew 662.26 BTC in one go, far exceeding other exchanges. Following closely were Bitfinex (223.39 BTC) and a leading exchange (210.58 BTC). Such large-scale outflows typically suggest that investors may be reallocating their holdings or preparing for long-term holding.
However, there is a twist—Binance operated in reverse, with an inflow of 299.22 BTC during the same period. This indicates that market participants have differing views on BTC—some are withdrawing, while others are absorbing. This divergence itself is a noteworthy market signal.