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.
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Updated 1:24 p.m. ET
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.