Satoshi-era Bitcoin investor Owen Gunden has transferred 2,587 BTC, valued at approximately $290 million, to the Kraken exchange over the past 10 days. This significant movement has sparked concerns about potential liquidation pressure on Bitcoin's price. Currently, Bitcoin is trading around $112,000, facing resistance at the $115,000 level. Market analysts speculate that Gunden's transfer could indicate early investors are securing profits amid declining long-term profitability and weak buyer conviction.
Satoshi-Era Investor Transfers $290M in Bitcoin to Kraken
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