Bitcoin OG offloads 13,004 BTC to Kraken impacting market

A Bitcoin whale known for shorting on Hyperliquid moved 13,004 BTC in October, including a recent $132M transfer to Kraken.

Key Takeaways

• Bitcoin whale moved 13,004 BTC in October, including $132M to Kraken, signaling renewed bearish positioning.
• The large BTC transfer is seen as a bearish signal and coincides with broader whale activity across exchanges.

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A prominent Bitcoin whale known for its short positions on Hyperliquid has resurfaced, offloading 13,004 BTC in October, including around 1,200 BTC (approximately $132 million) to Kraken over the past weekend, according to CryptoQuant.

The large-scale transfers from this entity have created a notable market impact, signaling renewed bearish activity.

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