Massive Bitcoin Deposit Sparks Market Speculation: $163 Million Moves to Kraken

A significant move in the cryptocurrency market has emerged as early Bitcoin investor Owen Gunden deposited a substantial amount of Bitcoin, valued at approximately $163.19 million, onto the Kraken exchange. This action, along with another transfer totaling 2,361.73 BTC ($266.20 million) to a new address, has been tracked by Onchain Lens and ignited speculation within the market. While such large Bitcoin transfers often raise questions about potential selling, their implications are multifaceted and require careful analysis.