Blockchain analytics platform Arkham Intelligence data reveals that Owen Gandon, an early Bitcoin investor and long-term crypto whale, has completed his final transfer to Kraken exchange, liquidating $1.3 billion worth of assets. This transaction marks the conclusion of Gandon's divestment from all known Bitcoin wallets. Recent activity tracked by the crypto community shows he systematically offloaded positions through multiple large transfers to the exchange. Recognized as a "veteran whale" for accumulating substantial holdings during Bitcoin's early days, Gandon's systematic asset migration to Kraken reflects a broader trend of early adopters gradually exiting long-held positions. Market participants closely monitor large Bitcoin transfers to exchanges, as such movements often signal potential selling pressure from long-term holders that could impact trading conditions. Bitcoin hits lowest level since April The cryptocurrency market extended its month-long decline on Thursday amid weakening risk appetite, with early Nvidia (NVDA.US)-led stock market gains fully erased intraday. Bitcoin fell to a seven-month low of $85,808 as buying momentum supporting this year's earlier rally visibly faded. The pullback occurs against the backdrop of continued position unwinding following October's surge, with rapid capital outflows and elevated leverage making the market vulnerable to sudden sell-offs and volatility.