The collapse of crypto exchange FTX and the departure of Sam Bankman-Fried as CEO triggered the November turbulence and the fall of bitcoin to a two-year low.
At the same time, the trend of cryptocurrency outflow from trading platforms intensified. Most investors switched to so-called cold storage of BTC, which provoked an explosion in sales of hardware wallets.
Santiment analysts said in a report that the largest amount of BTC left exchange addresses on Kraken. The volume of cryptocurrency on this platform decreased by 59%.