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Fast Take

Yesterday, Nov. 22, marked the second-largest Bitcoin outflow of the yr from digital asset exchanges, simply over $600 million.

As noticed by CryptoSlate, these outflows predominantly originated from two main platforms – Binance and Bitstamp. Put up the Division of Justice (DOJ) and Binance settlement, Binance noticed an exodus of roughly 8,000 Bitcoin, equal to almost $288 million reported on Nov. 21.

One other sharp lower was noticed on Bitstamp, with a drain of about 16,500 Bitcoin. This outflow, valued roughly at $600 million, has additionally been confirmed by way of Arkham Intelligence Platform, evidencing the transaction in 5 increments of three,300 Bitcoin every, 16 hours in the past.

Consequently, Bitstamp’s Bitcoin reservoir stands depleted, now housing roughly 24,000 BTC.

The publish Bitstamp witness large Bitcoin withdrawal totaling $600 million appeared first on CryptoSlate.

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