The ‘1011 Insider Whale’ Deposits 100 BTC to Kraken
- Whale deposits 100 BTC to Kraken, affecting market liquidity.
- $10.81 million BTC deposited on Kraken platform.
- Impacts Bitcoin BTC -1.51% market due to potential large sell-offs.
The ‘1011 Insider Whale’ deposited 100 BTC, valued at approximately $10.81 million, into Kraken 10 minutes ago, influencing the Bitcoin trading market.
This deposit may increase market volatility, impacting Bitcoin’s price and causing ripple effects in liquidity and Bitcoin holdings across exchanges.
Blockchain monitoring service Lookonchain reports the “1011 Insider Whale” has deposited 100 BTC into Kraken just 10 minutes ago. This move equates to approximately $10.81 million, immediately impacting Bitcoin liquidity on the exchange.
The entity, known for sizable Bitcoin activities, is often referenced as BitcoinOG(1011) and “1011short.” The whale is recognized for large BTC deposits and shorts, moving over 5,352 BTC since 2025. Read more about Insider Whale Deposits 100 BTC to Kraken, Impacting Market Dynamics
This deposit injects significant liquidity into the Kraken platform and potentially applies sell-side pressure on Bitcoin. The whale’s actions are closely monitored, often leading to changes in market sentiment.
The market impact includes a potential change in BTC price dynamics, given the whale’s history of aggressive shorting. Such activities can alter liquidity flows and trigger responses from various market participants.
The whale’s actions have previously resulted in price volatility, with Bitcoin currently trading at $108,079, reflecting a 2.16% drop over the last week.
The ongoing positioning by whales like “1011 Insider” might lead to potential market shifts if continued. Monitoring platforms and analysts like Ai Yi provide critical insights without revealing the whale’s identity, safeguarding proprietary trading intelligence.
Ai Yi, On-Chain Analyst, “The ‘1011 Insider Whale’ has closed 800 BTC positions for a $2.394 million profit. Currently, 1,300 BTC shorts remain with $3.1M in floating profit.”
