Satoshi-Era Bitcoin Whale Transfers $245M to Kraken, Fueling Market Speculation

A long-dormant Bitcoin wallet from the cryptocurrency's early days has sparked market speculation after transferring 2,401 BTC (worth approximately $245 million) to Kraken exchange. This significant movement, detected on November 14, 2025, follows internal wallet consolidations earlier in the month, suggesting potential preparation for a large-scale liquidation. The whale address, which originally accumulated Bitcoin during the network's infancy when prices were fractional, still retains a substantial balance of 2,499 BTC ($258.58 million). This transaction represents one of the largest movements of Satoshi-era coins in recent history, drawing attention from traders and analysts monitoring potential impacts on Bitcoin's market dynamics. The transfer to a major exchange like Kraken typically indicates an intent to sell, though the whale's exact motivations remain unknown. Market observers are closely watching whether this signals a strategic exit or simply portfolio rebalancing by an early Bitcoin adopter.

Satoshi-Era Whale Moves $245M in Bitcoin to Kraken, Sparking Sell-Off Speculation

A dormant bitcoin wallet from the cryptocurrency's early days has transferred 2,401 BTC (worth $245 million) to Kraken exchange. The movement follows internal wallet consolidations earlier this month, suggesting potential preparation for liquidation.

The whale still holds 2,499 BTC ($258.58 million) in remaining balances. These coins were originally accumulated during Bitcoin's infancy, when prices were fractions of current valuations. Market observers note such large exchange deposits often precede sell orders.

Kraken's compliance infrastructure makes it a preferred venue for institutional-scale transactions. The transfer represents one of the largest movements of Satoshi-era coins this year, occurring as Bitcoin consolidates NEAR all-time highs.

Bitcoin Price Dips Below $100K as Whales Offload Holdings

Bitcoin's price slipped below the psychological $100,000 threshold, trading as low as $98,200 before a slight recovery to $98,400. The downward movement reflects aggressive selling by long-term holders, with 815,000 BTC liquidated over the past month.

On-chain data reveals a single whale dumped $290 million worth of Bitcoin via Kraken, exacerbating the sell-off. Meanwhile, capital flows have favored gold and equities over crypto assets, despite the U.S. government reopening.

Leveraged traders suffered $647 million in liquidations, with longs accounting for $519 million. Bitcoin-related positions saw $234 million wiped out as fear of further downside grips the market.