Kraken's 1,694 BTC Transfer Leads $512.6 Million in Crypto Moves

Kraken sent 1,694 Bitcoin (BTC) worth $128.4 million to an unknown wallet at 11:13 p.m. ET Thursday, leading five large transfers worth $512.6 million in a three-hour window ending at 1:01 a.m. ET Friday. Across the window, $204.3 million moved from exchanges to unknown wallets, compared with $68.5 million moving from unknown wallets to exchanges. The difference between those flows was $135.8 million toward unknown wallets. A separate six-transfer roundup from Oct. 8 had the same $512.6 million total, but covered a different set of transactions. The Kraken transfer was joined by a 1,000 BTC transfer worth $75.9 million from Coinbase Institutional to an unknown wallet at 11:13 p.m. ET Thursday. Those two transfers made up the exchange outflow total. At 10:41 p.m.

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