Nearly $200M in Bitcoin Moved from Kraken as BTC Price Dips Slightly

Blockchain tracking platform Whale Alert has flagged two major Bitcoin transfers totaling over $197 million, both originating from U.S.-based crypto exchange Kraken. The transfers involved 875 BTC and 997 BTC, valued at $92.35 million and $105.08 million respectively, based on current market prices.

The anonymous transactions occurred within an hour, with a brief pause separating them. On-chain data suggests potential accumulation activity by crypto whales, who often seize market dips to increase their holdings. These movements come amid a slight pullback in Bitcoin’s price, reflecting cautious sentiment across the market.

Bitcoin, the leading digital asset, has experienced increased volatility in recent weeks, driven by shifting investor sentiment, ETF flows, and broader macroeconomic uncertainty. Large-scale transfers like these can signal strategic accumulation, especially during price corrections.

The identities behind the wallets remain undisclosed, and the destination of the BTC remains unknown—typical behavior for cold storage moves or institutional accumulation strategies. While the motive isn’t confirmed, such sizable withdrawals from centralized exchanges like Kraken usually indicate a long-term holding mindset, as traders often move assets off exchanges for security and custody purposes.

Whale Alert continues to play a crucial role in tracking major on-chain movements, offering transparency and insights into large crypto flows. As the crypto market reacts to whale activity, these transactions often become indicators of possible trend shifts or strategic repositioning by large investors.

With nearly $200 million in Bitcoin transferred in a short time span, market watchers are now closely monitoring BTC price action for potential support levels and accumulation signals amid current market weakness.