Big moves in the Bitcoin market: $78 million deposit in Kraken before market correction

Nearly $78 million worth of Bitcoin was deposited on the Kraken digital currency trading platform by a large investor, at a time when Bitcoin prices are declining.

Data from cryptocurrency analysis platform Lookonchain indicates that the whale accumulated $1.7 billion worth of Bitcoin at an average purchase price of $68,051 during the period from March 1 to April 15.

In the last 24 hours, the value of Bitcoin fell by 2.3% according to CoinGecko data