Bitcoin Whales Offloading BTC: Market Jitters Rise Amid $108,000 Trades

Two major Bitcoin holders have moved large sums of BTC to exchanges, sparking speculation of profit-taking or short positioning. BitcoinOG deposited 13,000 BTC worth $1.48 billion to Kraken, while Owen Gunden transferred 3,265 BTC worth $364.5 million to Kraken. Analysts note that these deposits often precede volatility rather than confirm sales. The timing of these transfers comes as Bitcoin trades near $108,000, fueling concerns among traders.