Anonymous Whale Deposits $120 Million in BTC to Kraken

An anonymous whale (wallet starting with bc1py) has deposited 1,651.82 BTC to Kraken, according to Arkham. The amount is valued at roughly $126 million. This batch was previously withdrawn from Kraken in April and later transferred through two newly created wallets before being re-deposited into the exchange. Estimated realized profit is approximately $15.21 million.