Bitcoin Veteran Transfers $21.94 Million in BTC to Kraken
A long-time Bitcoin whale has reportedly deposited 13,004 BTC to Kraken, including $132 million in recent transfers, intensifying market bearish signals.
BTC
Summary
A veteran Bitcoin whale has transferred a total of 13,004 BTC to Kraken, with recent on-chain activity showing $132 million moved during the latest transactions. This expands on previous weeks of large deposits into centralized exchanges, originally totaling 7,003 BTC worth over $781 million. The spike in transfers from a major holder is increasing bearish pressure within the market.
Terms & Concepts
- BTC: The ticker symbol for Bitcoin, the first and most widely adopted cryptocurrency.
- Kraken: A major U.S.-based cryptocurrency exchange known for offering a wide range of digital asset trading services.
- On-chain transaction: A transfer of cryptocurrency recorded directly on the blockchain, making it publicly visible and verifiable.