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

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. 

Share this article

?xml>
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

India Crypto Policy Faces New Uncertainty as RBI Again Pushes for Tougher Restrictions

India’s cryptocurrency policy remains uncertain as newly reviewed government documents reveal continued concerns from the Reserve Bank of India and tax authorities over digital assets. Despite regulatory delays, crypto adoption continues to grow, making the country’s next policy decision increasingly important for investors and the broader digital asset industry…

India’s cryptocurrency policy remains uncertain as newly reviewed government documents reveal continued concerns from the Reserve Bank of India and tax authorities over digital assets. Despite regulatory delays, crypto adoption continues to grow, making the country’s next policy decision increasingly important for investors and the broader digital asset industry…
Read More

Continue Reading
Crypto Currency

HYPE drops below $70 as retail demand weakens despite ETF inflows

Key takeaways Hyperliquid (HYPE) has fallen below $70, extending its losing streak as broader crypto market sentiment turns risk-off. Retail participation is weakening, with futures open interest declining and long liquidations dominating the derivatives market. Hyperliquid (HYPE) continued to trade lower on Wednesday, slipping below the $70 level as cautious sentiment across the cryptocurrency market

Key takeaways Hyperliquid (HYPE) has fallen below $70, extending its losing streak as broader crypto market sentiment turns risk-off. Retail participation is weakening, with futures open interest declining and long liquidations dominating the derivatives market. Hyperliquid (HYPE) continued to trade lower on Wednesday, slipping below the $70 level as cautious sentiment across the cryptocurrency market […]
The post HYPE drops below $70 as retail demand weakens despite ETF inflows appeared first on CoinJournal…
Read More

Continue Reading
Crypto Currency

SEC Schedules Urgent Crypto Meeting to Clarify Regulations

The post SEC Schedules Urgent Crypto Meeting to Clarify Regulations appeared first on Coinpedia Fintech News The US Securities and Exchange Commission (SEC) has called for an agency meeting this month to develop regulatory frameworks for the cryptocurrency industry. The meeting will be led by the SEC Chairman Paul Atkins…

The post SEC Schedules Urgent Crypto Meeting to Clarify Regulations appeared first on Coinpedia Fintech News
The US Securities and Exchange Commission (SEC) has called for an agency meeting this month to develop regulatory frameworks for the cryptocurrency industry. The meeting will be led by the SEC Chairman Paul Atkins…
Read More

Continue Reading
Crypto Currency

Has Bitcoin Finally Bottomed? Realized Price Theory Points to More Downside Ahead

TLDR: Bitcoin still trades above its realized price, a level every major bear market bottom has historically tested first. CryptoQuant CEO Ki Young Ju warns BTC may need to fall further before a true cycle bottom is confirmed on-chain. Spot ETF flows and institutional demand have changed how Bitcoin absorbs sell pressure compared to previous

TLDR: Bitcoin still trades above its realized price, a level every major bear market bottom has historically tested first. CryptoQuant CEO Ki Young Ju warns BTC may need to fall further before a true cycle bottom is confirmed on-chain. Spot ETF flows and institutional demand have changed how Bitcoin absorbs sell pressure compared to previous […]
The post Has Bitcoin Finally Bottomed…
Read More

Continue Reading