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

Historical Performance Says Bitcoin Price Will Not Bottom Until It Touches This Level

Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300.  Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom

Published 13 hours ago in
Historical Performance Says Bitcoin Price Will Not Bottom Until It Touches This Level

Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300.  Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoin price is unlikely to bottom out without first touching the EMA300…
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Crypto Currency

Bitcoin’s recovery looks fragile as institutional participation falls: What now?

Bitcoin markets increasingly relied on leverage-driven momentum as ETF flows and U.S. Spot demand gradually weakened…

Published 13 hours ago in
Bitcoin’s recovery looks fragile as institutional participation falls: What now?

Bitcoin markets increasingly relied on leverage-driven momentum as ETF flows and U.S. Spot demand gradually weakened…
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Crypto Currency

Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

Markets Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks. By Omkar Godbole May 23, 2026, 10:19 a.m. 1 min read Make preferred on Share Share this article Copy link X icon X

Published 13 hours ago in
Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks
Markets

Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.

By Omkar Godbole
May 23, 2026, 10:19 a.m.
1 min read

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BTC's price slide. (CoinDesk)
BTC’s price slide. (CoinDesk)
Summary

  • Bitcoin has fallen to about $74,300, more than 10% below its early May peak, as rising U.S. and global bond yields sap demand for riskier, zero-yield assets.
  • U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.
  • Speculative capital focuses on commodities exposed to potential supply disruptions and to pre-IPO bets on SpaceX.

Bitcoin BTC$63,254.03 is rapidly losing ground as investors pull out billions of dollars from U.S.-listed spot ETFs.

The world’s largest cryptocurrency fell to $74,305 early Saturday, its lowest level since April 20, according to CoinDesk data. As of writing, BTC was down more than 3% over the past 24 hours and approximately 10% below its recent high of over $82,500 reached on May 6.

The sell-off accompanies a notable upswing in U.S. Treasury yields and parallel increases in government bond yields across developed markets, which are reducing appetite for high-risk, zero-yielding assets like bitcoin.

Investors withdrew $1.26 billion from U.S. spot Bitcoin ETFs this week, the largest single-week outflow since January, following roughly $1 billion in outflows the previous week. In total, the funds have seen more than $2.26 billion in redemptions over the past two weeks.

Meanwhile, commodities such as oil, copper, and sulfur are seeing strong flows of speculative money as markets continue to price in potential supply disruptions through the Strait of Hormuz due to the Iran conflict.

One theory also points to capital being redirected toward SpaceX’s anticipated IPO, with several blockchain-based pre-market derivatives tied to the event already seeing millions in trading volume on blockchain-based platforms.

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