Bitcoin Whale Gunden Move 3,501 BTC Go Kraken
Early Bitcoin whale Owen Gunden don put 3,501 BTC (~$357 million) for Kraken with one after another on-chain transfers—500 BTC for November 8, then 600 BTC, and last last 2,401 BTC—make im Kraken holding full while still get 2,499 BTC (~$259 million) outside exchange. These Bitcoin flow into exchange make the BTC liquidity increase and fit mean say market fit move, make traders dey watch possible sell-off or hedging way dem go take.
Bearish
Big transfers of 3,501 BTC goin Kraken dey show say plenty people fit sell, as when whales put money on-chain e dey usually come before market distribute am. Short term, more BTC wey dey exchange fit make sell pressure high and price drop. Long term, many whale us sef fit shake market steady and put bad mind for market, make bearish outlook strong.