List of Flash News about Kraken outflow
Time | Details |
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2025-05-30 15:24 |
Whale Alert: Newly Created Wallet Withdraws 4,150 ETH ($10.72M) from Kraken – Potential Impact on Ethereum Price and Crypto Market Sentiment
According to Lookonchain, a newly created wallet withdrew 4,150 ETH (worth $10.72 million) from the Kraken exchange approximately 50 minutes ago, as reported on May 30, 2025 (source: Lookonchain via Twitter and intel.arkm.com). This significant outflow from a centralized exchange may indicate accumulation by a large investor, commonly referred to as a whale. Such moves typically signal bullish sentiment among institutional or high-net-worth traders, as assets are often moved off exchanges for long-term holding or DeFi activities. Historically, large withdrawals of Ethereum can tighten supply on exchanges, potentially leading to upward price pressure if demand remains strong. Traders should monitor on-chain flows and exchange balances closely for further indications of market direction. |
2025-05-08 03:05 |
Abraxas Capital Withdraws 33,035 ETH ($60M) from Binance and Kraken: Trading Insights and Crypto Market Impact
According to Lookonchain, Abraxas Capital Mgmt (Heka Funds) withdrew 33,035 ETH (approximately $60 million) from Binance and Kraken about five hours ago (source: Lookonchain, intel.arkm.com). This significant outflow of Ethereum from major exchanges typically signals a potential shift in trading strategy, such as long-term holding or institutional custody, and may reduce immediate sell pressure on ETH. Traders often interpret large exchange withdrawals by institutional players as a bullish indicator for Ethereum price action and overall market sentiment. |