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Bitcoin OG offloads 13,004 BTC to Kraken impacting market

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.

by Estefano Gomez

1 min read

In Bitcoin

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Market cap
$1.6T
24h volume
$26.5B
Circulating supply
20.1M BTC

CoinGecko data as of Oct 29, 12:23 AM EDT.

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.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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