A recent $3.6 million Bitcoin transfer to Kraken has stirred interest among investors. This whale holds Bitcoin mined soon after the cryptocurrency's 2009 launch.

Transfer to Kraken

According to Arkham Intelligence, an old Bitcoin whale transferred $3.6 million worth of Bitcoin to the Kraken exchange. Most of these Bitcoins were mined in early 2009. The owner of this asset initiated this significant transfer yesterday.

Old Investors' Unusual Activities

This transfer followed a series of smaller transactions, including a 5-Bitcoin transfer on September 24. A few days ago, another large holder, who had kept their coins dormant for 15 years, also activated their wallet, moving $16 million worth of BTC. These movements have sparked speculation among crypto enthusiasts about the possibility of this whale being related to an early investor or even Bitcoin's mysterious creator, Satoshi Nakamoto.

Impact on the Bitcoin Market

Amidst these developments, Bitcoin's price has surged. As of October 4, 2024, Bitcoin is trading at $62,376, buoyed by positive economic data from the US. The latest US non-farm payroll figures showed an impressive job increase of 254,000 in September, significantly exceeding the forecast of 147,000, contributing to overall market optimism.

The activity of large Bitcoin holders, who have kept their funds since the early days of the cryptocurrency, highlights the changing nature of the crypto market. Recent positive economic data also have a significant impact on Bitcoin's price surge.