A dormant Bitcoin whale moved $634K to Kraken, reflecting a notable shift in market dynamics and investor sentiment.
Bitcoin’s price has risen by 2.06% in the last 24 hours, with 90% of holders currently in profit, indicating strong demand.
Recent trading trends show a notable increase in futures volume and a net outflow of 282.6 million BTC from exchanges.
A Bitcoin whale, dormant since near Bitcoin’s genesis block, just moved $634,000 in BTC to the Kraken exchange. This transfer, flagged by crypto intelligence platform Arkham on X, comes from a wallet holding $73.4 million in Bitcoin and may signal shifts in market sentiment with the BTC price hovering around $63,870.88.
This is not the first time this whale has made waves. Just a month ago, they transferred another portion of their holdings, marking their reemergence after years of inactivity.
ANCIENT BTC WHALE MOVES ANOTHER $600K TO KRAKEN
A long-dormant whale holding $73.4M Bitcoin who woke up 1 month ago moved another $634K BTC to Kraken this morning.
His BTC was mined ONE MONTH after Bitcoin’s genesis block. pic.twitter.com/PtNqeX3vdK
— Arkham (@ArkhamIntel) October 7, 2024
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