Whale Alert: Kraken Move 3,000–5,400 BTC Comot for Exchange
Whale Alert flash big BTC transfer from Kraken on August 13, first report na e be 5,400 BTC but later dem update am to 3,000 BTC (~$365M), e carry go unknown wallet. Dis kain off-exchange BTC move dey reduce Kraken available supply, e dey reduce wetin fit make sellers put pressure. Traders dey talk say if dem dey move BTC go cold storage, OTC deals or institutional rebalancing, na sign say dem dey collect more. If exchange reserves dey fall, e mean say better market moves fit show face soon. Make you dey watch on-chain outflows and exchange balance changes to sabi how whale dem go move and how market fit shift.
Bullish
Big off-exchange BTC transfer dey reduce Kraken exchange reserve and sell-side liquidity, e dey often mean say whales dey accumulate through cold storage or OTC deals. Historically, when exchange balances dey reduce, e dey usually happen before price rally because supply for exchanges dey low, e dey limit downward pressure. Short term traders fit see small volatility around big movement, but long term, steady outflows dey show bullish sentiment and institutional positioning, wey dey support upward price trends.