Quick Take
The crypto landscape recently highlighted an intriguing pattern in capital inflow, with crypto exchanges Deribit and Crypto.com registering their largest inflows this year. In particular, Deribit recorded a significant inflow of around $34M yesterday, Oct. 31, a development underpinned by large withdrawals by so-called ‘crypto whales.’
This is not an isolated event. A similar narrative unfolded at Crypto.com, another key player in the crypto exchange domain. Although these inflows might seem minimal in the grand scope of crypto transactions, they herald a broader trend of massive inflows and outflows at respective exchanges, underscoring the fluidity and dynamism intrinsic to the crypto market.
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