Whale moves 1,651.82 BTC worth $126.7 million back to Kraken
- —1,651.82 BTC worth about $126.69 million was transferred
- —The BTC was withdrawn from Kraken in April and passed through two new wallets
- —The whale's profit on this position is about $15.21 million
- —The balance of the linked wallets was emptied
Why it matters: Returning a large BTC volume to an exchange may signal preparation to sell and weighs on the price.
Source: PANews