Kraken's BTC market witnessed a significant institutional trade today, with a purchase of 98.89 BTC valued at $7.67 million. The transaction occurred at 17:33, with the Bitcoin price at $77,507.8. Currently, BTC is trading at $77,568.5, indicating a slight profit for the trader.
This trade follows a trend of increased large transactions on Kraken, particularly after a series of substantial ETH trades. Market participants are advised to monitor for further large trades, especially as U.S. equities markets remain closed tonight.
Kraken Sees $7.6M BTC Trade Amid Rising Institutional Activity
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