For instance, Kraken’s and Coinbase’s present 30-day SMAs for his or her BTC inflows should not near their six-year low. In 2023, Kraken’s incoming BTC transfers have oscillated between roughly 700 BTC and 1,030 BTC, whereas Coinbase’s have ranged from roughly 2,800 BTC to three,700 BTC. Kraken and Coinbase BTC inflows have grown 42.5% and 30.5, respectively, this month, in response to CryptoQuant.

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