According to Crypto Rover, 997 BTC valued at $105.1 million was moved from cryptocurrency exchange Kraken to an unknown wallet on June 9, 2025 (source: Crypto Rover on Twitter). This significant on-chain transaction indicates notable whale accumulation activity, which often precedes increased price volatility in the Bitcoin market. Such large-scale withdrawals from exchanges typically reduce available supply and can signal growing investor confidence or anticipation of upward price action. Traders should closely monitor Bitcoin’s order books and on-chain analytics for further whale movements that may impact short-term trading strategies.