Large 9,006 ETH Withdrawal from Kraken Signals Reduced Exchange Supply

I noticed a new address withdrew 9,006 ETH from Kraken today. That large outflow reduces exchange-held supply and often signals either long-term cold storage or an off-exchange/private sale.

Because the destination is a new address, I lean toward accumulation/cold storage rather than immediate selling, but the intent isn’t certain until we see subsequent on-chain movement.

I’ll monitor the receiving address and for any follow-up transfers or spikes in exchange activity before changing my stance.