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ZyCrypto 2025-04-16 13:00:37

Giant Whale Withdrew $315 Million BTC From Kraken as Accumulation Soars

Giant Whale Withdrew $315 Million BTC From Kraken as Accumulation Soars

A crypto whale has transferred 3,704 Bitcoin (BTC) from Kraken worth approximately $315 million. This follows a string of whale purchases in the last 48 hours as crypto prices gain traction. Several crypto analysts have reiterated that the bull run is still in play despite major headwinds sending digital asset prices to multi-month lows. Bitcoin Whales Activity Soars Bitcoin whale activity spiked in the past week after a turnaround in sentiments. Crypto analytics firm Lookonchain revealed on X that a whale moved $315 million worth of Bitcoin from Kraken. This occurred after the price sniffed the $85k mark before recording a slight correction. From last week’s lows, BTC whales have gained confidence with the price at $84,343 soaring over 9% in the same period. Sharp price growth is often a spark for massive market activity as traders look ahead to the next bull run. Although transfers out of centralized exchanges are surging, most whales bought the dip days after President Trump announced his 90-day tariff reversal. It should be noted that transfers out of exchanges and reduced reserves highlight long-term holdings while inflows to exchanges flash signs of an imminent sale. Initial community reaction to the 3,704 BTC purchase was bullish with the market leader soaring in hourly trading data. Another whale withdrew 2,372 BTC worth about $201 million from Binance and Kraken. The whale holds 16,780 BTC showing huge institutional participation in the market. According to Whale Alert, a crypto whale picked up 1,000 BTC (worth $84 million) today adding to the string of huge purchases. Inflows in Bitcoin triggered a similar reaction for altcoins. Over the past week, XRP and Solana (SOL) notched increased institutional investment. Will Inflows Continue? The majority of crypto holders project increased whale participation in the coming months. This is hinged on positive on-chain factors as well as rising institutional demand. The White House positive crypto agenda has set the tone for institutional appetite and developer innovation in the country. At the moment, Bitcoin has recorded huge recoveries from massive whale activities. The exchange whale ratio when compared to previous levels reignites trader optimism as bulls set their sights on the short-term $90k mark. As whales move assets off centralized exchanges, other participants have increased their market exposure.

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