According to Lookonchain, whale address bc1qpu withdrew 1,997 BTC valued at $212.78 million from Kraken within the past 10 hours, as reported on June 9, 2025 (source: Lookonchain, intel.arkm.com). Such large-scale Bitcoin outflows from centralized exchanges often signal long-term holding intentions or institutional accumulation. Historically, similar withdrawals have reduced immediate selling pressure and are considered bullish indicators for Bitcoin price action. Traders should closely monitor subsequent market movements and on-chain activity, as sustained outflows could tighten BTC supply on exchanges, potentially triggering upward price momentum (source: Lookonchain, intel.arkm.com).