Bitcoin whales withdraw $195M from Kraken

• Two whale wallets withdrew 2,957 Bitcoin worth about US$195 million from Kraken, according to on-chain data.
• The transfers removed 1,200 BTC and 1,757 BTC from the exchange, reducing immediately available exchange supply.
• AMBCrypto said the withdrawals could signal accumulation, although the wallet owners' intentions remain unknown.

Two whale wallets withdrew 2,957 Bitcoin (CRYPTO) worth about US$195 million from Kraken, according to on-chain data cited by AMBCrypto.

The transactions comprised withdrawals of 1,200 BTC and 1,757 BTC, moving both holdings away from the cryptocurrency exchange.

AMBCrypto said the withdrawals could indicate accumulation, although blockchain transfers alone do not establish the wallets' owners or intentions.

Moving Bitcoin from an exchange reduces immediately available trading supply unless holders later transfer their coins back to trading platforms.

AMBCrypto said sustained exchange outflows could tighten available supply, but the transfers do not confirm that a supply squeeze will occur.

Large Bitcoin holders, commonly called whales, can move substantial amounts between exchanges and private wallets without necessarily buying or selling.

Exchange withdrawals are often monitored alongside trading volume, reserves and price movements to assess changes in Bitcoin market liquidity.

At the time of reporting, Bitcoin price was $63,231.78.