Key Takeaways
- Bitcoin whale moved 13,004 BTC in October, including $132M to Kraken, signaling renewed bearish positioning.
- The large BTC transfer is seen as a bearish signal and coincides with broader whale activity across exchanges.
A prominent Bitcoin whale known for its short positions on Hyperliquid has resurfaced, offloading 13,004 BTC in October, including around 1,200 BTC (approximately $132 million) to Kraken over the past weekend, according to CryptoQuant.
The large-scale transfers from this entity have created a notable market impact, signaling renewed bearish activity.
Source: https://cryptobriefing.com/bitcoin-og-offloads-13004-btc-kraken-impacting-market/