💦💦This Whale May Have Influenced the Fall in Bitcoin! He Sent $286 Million 💦💦

The recent declines in the cryptocurrency market have accelerated the activity of large investors.

According to data shared by Lookonchain, a whale has deposited 778 Bitcoins (approximately $72 million) to the Kraken exchange in the last few hours. This whale has transferred a total of 3,038 Bitcoins ($286 million) to Kraken during the market decline since December 20.

It is noteworthy that the whale still holds 24,665 Bitcoins (approximately $2.27 billion). Transactions of this size can affect liquidity in the market and cause price fluctuations. There are concerns that such large transfers, in particular, may increase selling pressure among investors.

Experts state that such movements by whales are usually made for strategic purposes. During times of market decline, large Bitcoin investments on exchanges like Kraken may indicate that whales are following a strategy aimed at taking advantage of price fluctuations. However, such large transactions have the potential to further increase market volatility.

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