The cryptocurrency market remains choppy, with prices continuing to show weakness while range trading. Interestingly, amidst the ongoing sentiment of “extreme fear” in the market, the third-largest Bitcoin outflow of 2021 from centralized exchanges was recorded this week. “A total of 39,040 BTC were withdrawn, the majority coming from Kraken (29,700 BTC),” noted IntoTheBlock. However, it could be just in-house shuffling as Kraken had made some internal transfers over the weekend as well. Scooping off cheap coins, however, is still happening as the market remains weak. Purpose Bitcoin ETF, the first one of North America, increased its holdings by 100 BTC, with its total holdings now standing at 19,508 BTC. Up until mid-May, the ETF’s holdings increased significantly but have since slowed down their pace. As for its Ether ETF, it increased its holdings by a total of 574 ETH, with a total holding of 54,520 ETH.
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