{"id":314104,"date":"2024-05-31T16:47:11","date_gmt":"2024-05-31T11:17:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=314104"},"modified":"2024-05-31T16:47:11","modified_gmt":"2024-05-31T11:17:11","slug":"kraken-experiences-largest-outflow-with-1-6-billion-in-bitcoin-transactions-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/kraken-experiences-largest-outflow-with-1-6-billion-in-bitcoin-transactions-crypto-news\/","title":{"rendered":"Kraken experiences largest outflow with $1.6 billion in Bitcoin transactions &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<article>\n<h2>Quick Take<\/h2>\n<p>Kraken, the digital asset exchange, recently experienced its largest outflow in dollar value, with approximately $1.6 billion being transferred out of the platform on May 30, according to Glassnode data.<\/p>\n<figure id=\"attachment_422845\" aria-describedby=\"caption-attachment-422845\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-422845\" class=\"wp-caption-text\">Net Transfer Volume: Kraken: (Source: Glassnode)<\/figcaption><\/figure>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/kraken\">Arkham Intelligence<\/a> Transaction data, this significant movement was executed through five transactions from Kraken\u2019s deposit to an external address: three transactions of 6,000 BTC each and two transactions of 5,000 BTC each. The transferred Bitcoin, totaling roughly 28,000, is currently held in the address \u201cbc1q.\u201d<\/p>\n<figure id=\"attachment_422846\" aria-describedby=\"caption-attachment-422846\" style=\"width: 957px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-422846 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/kraken-1.png\" alt=\"Transactions from Kraken: (Source: Arkham Intelligence)\" width=\"957\" height=\"166\" \/><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-422846 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/kraken-1.png\" alt=\"Transactions from Kraken: (Source: Arkham Intelligence)\" width=\"957\" height=\"166\" data-sizes=\"(max-width: 957px) 100vw, 957px\" \/><figcaption id=\"caption-attachment-422846\" class=\"wp-caption-text\">Transactions from Kraken: (Source: Arkham Intelligence)<\/figcaption><\/figure>\n<p>The outflows were precisely timed with Bitcoin\u2019s price surge above $69,500, as observed on a 10-minute resolution chart, according to Glassnode data.<\/p>\n<figure id=\"attachment_422848\" aria-describedby=\"caption-attachment-422848\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-422848 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/kraken-2.png\" alt=\"Net Transfer Volume: Kraken: (Source: Glassnode)\" width=\"1800\" height=\"1013\" \/><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-422848 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/kraken-2.png\" alt=\"Net Transfer Volume: Kraken: (Source: Glassnode)\" width=\"1800\" height=\"1013\" data-sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-422848\" class=\"wp-caption-text\">Net Transfer Volume: Kraken: (Source: Glassnode)<\/figcaption><\/figure>\n<p>According to Glassnode, Kraken\u2019s exchange balance has now dropped to approximately 148,000 BTC, a level last observed in May 2020.<\/p>\n<figure id=\"attachment_422857\" aria-describedby=\"caption-attachment-422857\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-422857 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/kraken-3.png\" alt=\"Exchange Balance: Kraken: (Source: Glassnode)\" width=\"1800\" height=\"1013\" \/><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-422857 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/05\/kraken-3.png\" alt=\"Exchange Balance: Kraken: (Source: Glassnode)\" width=\"1800\" height=\"1013\" data-sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-422857\" class=\"wp-caption-text\">Exchange Balance: Kraken: (Source: Glassnode)<\/figcaption><\/figure>\n<p>It is possible that the transfers were part of an internal transfer to an as-yet untagged Kraken wallet. However, given the timing and price movements, it is certainly possible that this was part of a series of large purchases.<\/p>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take Kraken, the digital asset exchange, recently experienced its largest outflow in dollar value, with approximately $1.6 billion being transferred out of the platform on May 30, according to Glassnode data. Net Transfer Volume: Kraken: (Source: Glassnode) According to Arkham Intelligence Transaction data, this significant movement was executed through five transactions from Kraken\u2019s deposit [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":314106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-314104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/314104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=314104"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/314104\/revisions"}],"predecessor-version":[{"id":314108,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/314104\/revisions\/314108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/314106"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=314104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=314104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=314104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}