Crypto Currency

Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy

Key Takeaways An early Bitcoin whale transferred $3.6 million to Kraken exchange. Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets Share this article An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to

Published 2 years ago in
Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy

Key Takeaways

  • An early Bitcoin whale transferred $3.6 million to Kraken exchange.
  • Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets

Share this article

An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to the Kraken exchange, according to blockchain analytics platform Arkham Intelligence. 

This recent movement of Bitcoin, mined just one month after Bitcoin’s mainnet went live, has sparked curiosity among market observers.

Arkham revealed that the whale, who holds over $72.5 million in Bitcoin, initiated the transfer yesterday. The transferred Bitcoin, mined in February or March 2009, now sits in Kraken’s wallet following a series of smaller transactions, including a five-bitcoin transfer on September 24. 

This comes just a few days after another early Bitcoin whale, who mined their Bitcoin around the same time, woke up after 15 years of dormancy to move $16 million worth of BTC, according to Arkham Intelligence. 

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Crypto Currency

Bitcoin crashes below $70K as ETF exodus and Mt. Gox fears intensify

Bitcoin price has dipped to under $70,000 for the first time since early April. Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers. With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs. Bitcoin price dipped below the $70,000 mark early Tuesday, slumping more than 4% in the past 24

Published 5 hours ago in
Bitcoin crashes below $70K as ETF exodus and Mt. Gox fears intensify

Bitcoin fell to lows of $69,3srcsrc and remains susceptible to a downswing amid institutional selling and broader market jitters.

  • Bitcoin price has dipped to under $70,000 for the first time since early April.
  • Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers.
  • With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs.

Bitcoin price dipped below the $70,000 mark early Tuesday, slumping more than 4% in the past 24 hours amid rising negative sentiment across the crypto market.

The losses intensified after Monday’s slide, which was due to fresh capital flight from exchange-traded funds and a market reaction to Strategy’s BTC sale.

Bitcoin dips under $70k amid $4 billion ETF outflows

Bitcoin’s retreat beneath $70,000 on Tuesday marks a notable deterioration in market confidence after the cryptocurrency reached intraday highs above $82,800 in April.

Since then, Bitcoin has struggled to recapture momentum amid a confluence of macroeconomic and geopolitical headwinds, including volatility in risk assets tied to the US‑Iran conflict.

The bellwether token dropped to about $71,300 on Monday before extending losses to dip below $70,000.

Per CoinMarketCap, the benchmark digital asset touched lows of $69,300 across major crypto exchanges. The intraday lows mark levels not seen in nearly two months.

Market analysts have pointed to accelerated institutional outflows as a key driver.

According to SosoValue data, spot Bitcoin ETFs have recorded more than $2.43 billion in outflows over the past month, with roughly $483 million withdrawn on Monday alone.

Those flows contributed to a weekly streak that pushed total spot ETF redemptions above $1 billion, and aggregate outflows have now surpassed the $4 billion threshold since May 11, 2026.

The sustained withdrawals have heightened selling pressure and reduced the speed of any recovery.

Why else did Bitcoin price dump?

Compounding concerns, corporate and on‑chain moves are drawing attention.

Strategy, previously the largest corporate holder of Bitcoin, sold 32 BTC in May, prompting market participants to reassess supply-side risk.

On Tuesday, on‑chain monitoring showed Mt. Gox transferred 10,306 BTC, worth more than $731 million, to new addresses.

CryptoQuant analysts observed that similar transfers have historically accompanied creditor repayments and distribution preparation and “did not lead to immediate selling pressure,” but the timing amid heavy ETF outflows amplified unease across trading desks.

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