Quick Take
Bitcoin soars
Bitcoin surged 15% from June 20’s opening price of $26,750 to a peak of $30,820 the following day.
Several factors contributed to this – an escalation in leveraged trading and significant spot buying – with the spot volume on Coinbase hitting late April highs.
Exchange movement
Bitcoin leaving exchanges reached 17,000 BTC on June 21, marking the second-largest outflow since FTX collapsed in November 2022. Following this event, inflows rose, likely from investors aiming to capitalize on the price uptick.
Significant outflow from Kraken
Of all major exchanges, Kraken experienced the largest outflow on June 21. The platform saw approximately $225 million in Bitcoin withdrawn, marking its second-largest outflow on record.
The post Kraken sees second-largest outflow with $225M Bitcoin withdrawn appeared first on CryptoSlate.
