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Onchain Lens data dated November 4 show the Bitcoin whale Owen Gunden transferring 1288.76 BTC into Kraken, a move valued at roughly $138.23 million. This sizable BTC deposit highlights persistent, high-volume activity by major holders and contributes to the ongoing liquidity narrative in the crypto markets.
Following the transfer, the wallet aggregates 7,150 BTC, worth about $761.81 million at current prices, underscoring a substantial long-position stake within the crypto market. The figure positions the holder among noteworthy BTC portfolios, reflecting measured allocation rather than rapid unloading.
Industry observers will continue to monitor such movements for potential effects on Bitcoin liquidity and price formation across exchanges like Kraken. Data streams from Onchain Lens offer vital, credible insight into the activity of top Bitcoin holders for traders and researchers alike.
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