A post by @whale_alert on X.

A single transfer of 1,525 BTC worth roughly $104.3 million moved from the Kraken exchange to an unidentified wallet, according to Whale Alert. The transaction, flagged on-chain, shifts a nine-figure sum out of exchange custody and into a wallet whose owner is not publicly identified. Outflows from centralized exchanges are typically watched as a signal that holders may be moving coins to self-custody rather than preparing to sell, though a single transfer is not conclusive. The destination wallet's subsequent activity—whether the coins return to an exchange, move again, or stay dormant—is the next thing to watch.