Pioneering crypto asset Bitcoinrecorded significant whale transfers from Kraken to unknown wallets. In this context, it has attracted significant attention in the broader crypto market today. Specifically, 4,377 BTC was transferred from Kraken, a CEX, to unknown wallets in a series of transactions, according to on-chain data emerging from the broader crypto market.
Moreover, these transactions are occurring globally amid Bitcoin’s price decline. crypto- attracted the attention of market enthusiasts. Meanwhile, a prominent crypto analyst noted the token’s current market dynamics, highlighting key events this year and encouraging optimism for Bitcoin’s imminent market run.
According to data released by Whale Alert, eight significant transactions were recorded collectively shifting 4,377 BTC from Kraken to unknown wallets in the last 24 hours. Additionally, according to the data, the first transaction that attracted investors’ attention shifted 534 BTC worth $23.30 million from Kraken to an unknown address. Simultaneously, the second transaction showed that 471 BTC was moved from Kraken to another unknown new wallet.
Meanwhile, the third, fourth, fifth and sixth transactions transferred 616, 691, 483 and 508 BTC respectively from Kraken to unknown wallets. Finally, the seventh and eighth transactions moved 565 and 509 BTC from Kraken to unknown addresses. Interestingly, all the transactions mentioned above collectively moved $191.09 million worth of Bitcoin, sparking great curiosity among crypto market fanatics.
Bitcoin Price Falls
At the time of writing, the Bitcoin price is down a marginal 0.51% over the last 24 hours. It currently stands at $443,741.23. However, its weekly chart showed a 4.23% jump, fueling additional implications for the token.
Koinfinans.com Meanwhile, as we reported, analyst Ali Martinez shed light on Bitcoin’s current market dynamics. According to Martinez, spot Bitcoin ETFRegardless of what happens in , the token has yet to see another bullish Bitcoin halving this year. Additionally, Ali emphasized how halving has proven to be a catalyst for historically significant price increases.