Bitcoin Whale 1011 Deposits 100 BTC to Kraken as Wallet Climbs to 1,601 BTC (~$177M)

According to Onchain Lens, the ‘1011 Insider Whale’ moved 100 BTC to Kraken about 10 minutes ago, indicating another active exchange flow. The wallet still controls 1,601 BTC, valued at roughly $177 million at current prices, underscoring sizable concentrated positions within major traders.

Such activity underscores persistent whale movements in the crypto space. Onchain trackers note that transfers to regulated venues can reflect liquidity management or preparatory steps for potential disposition, though no explicit action is implied. The scale of the holding continues to be a focal point for market observers.

Market participants should monitor these exchange transfers and other large-wallet moves as part of a broader liquidity assessment. The current posture of the 1,601 BTC stake remains a material data point within the evolving BTC holding profile and risk radar.

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