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Bitcoin whales withdraw $198M from Kraken, easing selling pressure and supporting supply conditions.

Market News
27 Jul 2026, 03:00 WIB
AMBCrypto
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Bullish
Bitcoin whales withdraw $198M from Kraken, easing selling pressure and supporting supply conditions.

Nearly 3,080 BTC worth about $198 million were withdrawn from Kraken by large holders, signaling long-term accumulation rather than immediate selling. This move, combined with a sharp rise in Bitcoin's Stock-to-Flow Ratio and reduced selling by miners, indicates tighter supply and improved scarcity. Bitcoin's price remains supported near $63,824 within an ascending channel, suggesting a constructive recovery outlook. The next price direction depends on whether buyers can maintain support above this level.

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