Kraken Sees Major Bitcoin Whale Activity as BTC Surpasses $107K

As Bitcoin's price soared past $107,000, sparking widespread bullish sentiment in the crypto markets, on-chain data revealed a contrasting trend of profit-taking by early adopters. Notably, a prominent whale transferred 11,000 BTC (worth approximately $1.1 billion) to exchanges, signaling potential selling pressure. Among these moves, Owen Gunden, a well-known Bitcoin OG, shifted 3,549 BTC ($361 million) from long-dormant wallets, including a 600 BTC ($61 million) transfer to Kraken. This activity suggests that seasoned investors are capitalizing on the rally, potentially indicating a maturing market where early holders are beginning to distribute their holdings. The movement of such significant amounts to exchanges like Kraken could precede larger disposals, adding a layer of caution to the current bullish momentum. This development underscores the dynamic interplay between long-term holders and market cycles, as Bitcoin continues to break new price records in November 2025.

Bitcoin OG Whales Take Profits as BTC Tops $107K, Signaling Market Maturity

Bitcoin's surge past $107,000 has ignited bullish sentiment across crypto markets, but chain data reveals a contrasting narrative. Early adopters are capitalizing on the rally, with one prominent whale moving 11,000 BTC ($1.1 billion) to exchanges. Owen Gunden, a known bitcoin OG, transferred 3,549 BTC ($361 million) from dormant wallets, including 600 BTC ($61 million) to Kraken—a potential prelude to larger disposals.

This activity mirrors broader patterns among Satoshi-era holders. Multiple decade-old wallets have reactivated during the price surge, suggesting coordinated profit-taking. Market analysts interpret the moves not as bearish indicators but as signs of Bitcoin's evolution into a mature asset class. "When founders sell, it's not panic—it's portfolio rebalancing," remarked one blockchain strategist, noting the absence of market impact from these transfers.

Bitcoin Whale Accidentally Pays $105,000 Fee on $10 Transaction

A Bitcoin trader's manual fee setting error resulted in a staggering $105,000 transaction fee for a mere $10 transfer. The mistake occurred when the user input 0.99 BTC instead of a nominal amount, highlighting the risks of overriding wallet automation.

Mining pool F2Pool confirmed and retained the exorbitant fee, demonstrating blockchain's unforgiving nature. The incident reignited debates about user interface design in crypto wallets, where human error can have irreversible consequences.

Kraken received the transaction, though exchanges typically can't reverse such errors. Market observers note this isn't an isolated case - similar overpayment incidents occur periodically when users bypass recommended network fee estimators.