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Crypto

Kraken Sees Massive Withdrawal of $198M in BTC by Whales

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Nearly 3,080 BTC worth about $198 million were withdrawn from Kraken by large holders. This move indicates long-term accumulation rather than immediate selling.

The withdrawal, combined with a sharp rise in Bitcoin's Stock-to-Flow Ratio and reduced selling by miners, signals tighter supply and improved scarcity.

Bitcoin's price remains supported near $63,824 within an ascending channel, suggesting a constructive recovery outlook.

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