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Early Bitcoin Whale Moves $593 Million in BTC to Major Exchanges

Early Bitcoin Whale Moves $593 Million in BTC to Major Exchanges

Onchain data shows a veteran Bitcoin whale deposited 200 BTC to Kraken, bringing two-week transfers to 5,603 BTC worth $627 million.

BTC
USDC

Summary

Onchain Lens reported that on Oct. 26, a long-standing Bitcoin whale moved 200 BTC valued at $22.32 million to Kraken. This addition raised the whale’s total deposits over the past two weeks to 5,603 BTC worth approximately $627.1 million. Previous activity from the same address included a 100 BTC transfer to Kraken and $326.32 million in USDC sent to Binance, highlighting sustained large-scale activity involving major exchanges.

Terms & Concepts
  • Bitcoin Whale: An individual or entity that holds a large amount of Bitcoin, often able to influence market movements with large transactions.
  • Onchain Data: Information recorded on a blockchain that can reveal transaction details, wallet movements, and other network activity.