Bitcoin Market Buzzes As Satoshi Era Whale Shifts Another $634K To Crypto Exchange
Portfolio Pulse from Aniket Verma
A long-dormant Bitcoin whale from the Satoshi era has transferred $634,000 worth of Bitcoin to the Kraken exchange, continuing a trend of ancient Bitcoin movements. This whale has moved a total of $4.21 million to exchanges, sparking interest in potential market impacts.
October 08, 2024 | 10:28 am
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A Satoshi-era Bitcoin whale transferred $634,000 worth of Bitcoin to Kraken, part of a total $4.21 million moved recently. Such movements can indicate potential market impacts, as large transfers to exchanges often precede sales.
The transfer of a significant amount of Bitcoin by a long-dormant whale to an exchange like Kraken is often seen as a precursor to selling, which can lead to downward pressure on Bitcoin prices. The market closely watches such movements for potential impacts.
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