An early Bitcoin holder deposited an additional 200 BTC, worth approximately $21.94 million, to Kraken. Over the past three weeks, the same holder has transferred a total of 6,003 BTC to the exchange, valued at about $671.55 million.
The latest 200 BTC transfer adds to a steady series of large deposits by the longtime holder. While the reasons behind these moves are not disclosed, sizeable BTC inflows to exchanges are often monitored by traders for potential implications on market liquidity and short-term selling pressure.
The cumulative 6,003 BTC deposited in three weeks underscores continued activity from major holders. Market participants typically watch such transactions closely, especially when they involve centralized exchanges where assets can be quickly traded.
As large on-exchange flows persist, attention will remain on whether additional transfers follow and how they might intersect with broader market conditions.