Bitcoin Whale 1011 Deposits 500 BTC into Kraken as 6,503 BTC Flows to CEXs in 3 Weeks

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

According to COINOTAG News, dated November 2, Onchain LENS monitoring tracked the ‘1011 Insider Whale’ depositing 500 BTC—worth about $54.98 million—into Kraken. This on-chain move underscores persistent large-position activity within the Bitcoin market and signals continued liquidity shifting among major holders.

In the past three weeks, the same address has relocated 6,503 BTC to centralized exchanges (CEXs), totaling around $7.27 billion, per Onchain LENS data. The pattern highlights sustained inflows to CEXs and emphasizes careful risk assessment for traders and investors tracking whale-driven liquidity dynamics.

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