Massive Kraken ETH Withdrawals Surge to Over 32,000 ETH Worth $90M in 9 Hours
2025-07-10 01:55:13
Main Idea
Significant Ethereum withdrawals from Kraken totaling over 32,000 ETH worth $90 million in nine hours highlight notable liquidity movements and potential impacts on the Ethereum market.
Key Points
1. On July 10, on-chain analyst Yu Jin noted a withdrawal of 6,998 ETH ($19.35 million) from Kraken.
2. Cumulative withdrawals over nine hours reached 32,566 ETH (~$90.16 million).
3. Prior reports indicated an earlier withdrawal of 25,567 ETH ($70.66 million) within an eight-hour window.
4. These outflows reflect significant liquidity movements in the Ethereum market, potentially affecting price dynamics.
Description
On July 10, on-chain analyst Yu Jin identified a significant withdrawal of 6,998 ETH from Kraken, equating to roughly $19.35 million. This transaction is part of a broader trend, with
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