On-chain monitoring data shows that recently, 401.28 Bitcoins have been transferred from anonymous addresses to Kraken exchange through intermediary transfers. Such large transfers have always been a focus of market attention.

Historically, when anonymous holders transfer large amounts of BTC to exchanges, it usually indicates two possible market intentions: one is preparing to sell and realize profits, and the other is deploying funds for trading strategies. Considering the current market sentiment and price levels, most industry analysts believe that this transfer is more likely to pose a selling risk.

Large inflows of Bitcoin into exchanges often increase market selling pressure, especially in the absence of clear positive catalysts. This change in on-chain data warrants close attention from short-term traders and also reminds medium- and long-term holders to watch for subsequent price movements.