Important takeaways
- Bitcoin whales moved 13,004 BTC in October, including $132 million to Kraken, signaling renewed bearish positioning.
- The large BTC transfer is seen as a bearish signal and coincides with broader election activity across exchanges.
A prominent Bitcoin pick known for its short positions on Hyperliquid has resurfaced, offloading 13,004 BTC in October, including about 1,200 BTC (roughly $132 million) to Kraken over the past weekend, according to to CryptoQuant.
The large-scale transfers from this entity have created a significant market impact, signaling renewed bearish activity.
