Kraken Outflow of 1,694 BTC Leads Fresh $512.6 Million Wave of Crypto Transfers

Large cryptocurrency transfers reached $512.6 million over a three-hour window late Thursday into early Friday, driven by $204.3 million in exchange outflows against $68.5 million in inflows. Kraken led the movement by transferring 1,694 BTC worth $128.4 million to an unknown wallet, yielding a net outflow of $135.8 million off centralized platforms. This followed an earlier high-volume window ending November 5, where six transactions totaled $600.7 million, including $361.4 million in exchange outflows led by a 1,697 BTC transfer from Coinbase Institutional, producing approximately $122.1 million in net outflows.