Bitcoin Giant Deposits $53 Million, Sparking Market Debate

A massive Bitcoin transaction by an early crypto investor has sent ripples through the market. Onchainlens, a blockchain analytics platform, reported that Owen Gunden, a prominent figure in the Bitcoin space, deposited 483.3 BTC worth $52.99 million to Kraken exchange. This significant move raises questions about market sentiment and potential future movements, with analysts noting both selling pressure concerns and strategic rebalancing possibilities. Continue reading