A long-standing Bitcoin holder has deposited an additional 500 BTC (approximately $54.98 million) to Kraken. Over the past three weeks, the same holder has transferred a total of 6,503 BTC (about $726.54 million) to centralized exchanges, extending a trend of large-scale inflows.
The fresh 500 BTC transfer adds to a series of sizeable deposits that have placed thousands of coins on exchanges in recent weeks. Based on the reported dollar values, the transfers imply an average BTC valuation near the $110,000 mark at the time of movement.
Large inflows to centralized exchanges are commonly monitored as a potential indicator of increased sell-side liquidity, though such deposits can also reflect portfolio rebalancing, collateralization, or other strategic moves by major holders. The activity underscores ongoing repositioning among whales as market conditions evolve.
Market participants will be watching for any follow-on transfers or signs of on-exchange distribution that could influence short-term liquidity and price dynamics.