Large Bitcoin withdrawals from Kraken and transfer to Bitfinex, bullish signal, implications on BTC price unknown

From Investing.com

October 9, 2024 1:30:21 PM:

Unknown large-scale Bitcoin activity was observed at major US exchange Kraken, with 2,924 BTC withdrawn in three transactions totaling $182.56 million. An additional $60 million in USDT was moved to Bitfinex. The destination of the Bitcoin remains unknown, with speculation it could be an internal Kraken operation. Withdrawals are typically seen as a bullish signal affecting market sentiment. The implications on BTC price are yet to be seen.

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