Quick Take
Recent data analysis by CryptoSlate brought to light an unusual pattern of massive inflows and outflows on cryptocurrency exchanges. Notably, Kraken, one of the prominent crypto exchanges, has been at the heart of this trend with significant movements of digital assets in recent weeks.
On Nov. 1, Kraken experienced the third largest outflow this year, with approximately $75 million leaving the exchange. In a fascinating deviation, this departure was accompanied by the second largest inflow of the year – a hefty sum reaching nearly $100 million.
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