BTC Early Investor Deposits $228 Million to Kraken: Sell-Off Imminent?

Crypto
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author: CryptoNews

date: November 19, 2025

1 min. read

Early Bitcoin (BTC) investor Owen Gunden has deposited 2,499 BTC, worth approximately $228 million, to the Kraken exchange. This transaction, reported by Lookonchain, represents Gunden's entire remaining BTC holdings. Large deposits to centralized exchanges like Kraken are often interpreted by analysts as a signal of intent to sell. Consequently, this substantial transfer has sparked speculation about a potential sell-off, which could exert downward pressure on the Bitcoin price. Market watchers are closely monitoring the situation to assess the potential impact on Bitcoin's price trajectory. Further developments will dictate whether this deposit translates into significant selling activity. ```