Bitcoin Whale 1011 Deposits 500 BTC Into Kraken as 7,003 BTC Moves to CEX in 3 Weeks

COINOTAG News reported on November 2 that, per Onchain Lens monitoring, the 1011 Insider Whale moved 500 BTC—roughly $55.28 million—into Kraken. The transaction continues a pattern of large on‑exchange activity by a single wallet, adding nuance to the near-term liquidity landscape for Bitcoin and the broader spot market. Market participants will note the size and counterparties involved as part of ongoing crypto market diligence.

Over the prior three weeks, this whale has deposited a cumulative 7,003 BTC on CEX venues, equating to about $7.8181 billion. Such persistent inflows to centralized exchanges may signal liquidity management or potential readiness for large-scale executions, though the report refrains from asserting imminent price moves. Traders should monitor subsequent transfers to assess whether this activity reflects a strategic risk posture or a directional risk-off/on signal.

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