$159 Million Bitcoin Transfer to Kraken Sparks Black Monday Fears

Crypto markets are bracing for what some predict will be a catastrophic ‘Black Monday,’ with one major exchange, Kraken, facing a massive influx of Bitcoin worth $159 million. A whale transaction has sent 1,928 BTC from an unknown wallet to Kraken’s deposit address, according to Whale Alert. Despite efforts by data intelligence firms like Arkham Intelligence to identify the sender, their origins remain unclear. The transfer suggests a potentially large investor is depositing his holdings with Kraken rather than using it for internal trading.