kBTC

Kraken Wrapped Bitcoin Price Today & AI Analysis

kBTCEthereumAnalysis as of Sep 3, 2026

Price

$81,872.33

+0.47% 24h

Contract

Live
0x73e0c0d45e048d25fc26fa3159b0aa04bfa4db98

Chain

Ethereum

Holders

4.7K

Market cap

$576.17M

Liquidity

$17.32M

At a $10B market cap, $KBTC would be $1,420,985.29 (17.4x from today’s price)

Market cap calculator

Is kBTC a scam?

Unhosted check · Oct 18

No red flags

No scam signals in Unhosted’s checks, with a few things to know below.

  • The top 10 wallets hold a large share of the supply.

Unhosted’s automated check, re-run in the background: a warning signal, not a guarantee either way. Taxes come from a test trade through one pool and can change if the owner changes them.

Ask Unhosted AI about kBTC

3 free answers a day

What's Twitter saying?Whale activityWhat are the risks?Should I buy?

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Kraken Wrapped Bitcoin: holders, selling & liquidity

2026-09-03 15:15 UTC

Holder addresses

4,290

Top 10 supply share

Not available

Reported liquidity

$19,959,981.00
How concentrated is Kraken Wrapped Bitcoin ownership?
Top-10 ownership concentration is not available in this report. The saved holder count is 4,290 addresses (2026-09-03 15:15 UTC). A holder count alone does not establish how supply is distributed.
Are large holders selling Kraken Wrapped Bitcoin?
This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. A complete buy/sell volume observation is not available in the saved inputs. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.
Is Kraken Wrapped Bitcoin liquidity falling?
As of 2026-09-03 15:15 UTC, reported liquidity was $19,959,981.00. At least two timestamped liquidity observations are needed to establish a change; this report does not have them.
Sources, observations & limitations

Source: inputs saved with the report generated 2026-09-03 15:15 UTC. Original provider retrieval times and historical samples were not recorded. Legacy zero placeholders are treated as unavailable. Holder addresses are not unique people. The provider’s top-10 share is not adjusted here for pools, exchanges, burn addresses or related wallets. Sniper classifications and wallet-level holder history are unavailable. Inspect token on the block explorer.

Recent swap evidence

Swap evidence is unavailable for this report.

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Movement since report

report from Sep 3, 2026, 03:15 PM UTC

Market Cap

$520.33M

24h Volume

$10.47M

Liquidity

$19.96M

FDV

—

Holders

4,290

24h

Loading trading activity…

AI Executive Summary

Risk

Medium

Sentiment

Bullish

Kraken Wrapped Bitcoin (kBTC) is an ERC-20 token issued by Kraken exchange, designed to represent Bitcoin on Ethereum at a 1:1 ratio, with each token fully backed by BTC held in Kraken's custody and verifiable via on-chain proof-of-reserves. At $80,692 per token and a market cap of approximately $520M, kBTC is a mid-tier wrapped Bitcoin product competing in a space dominated by WBTC. The token has tracked Bitcoin's strong 90-day rally (+33.1%) faithfully, currently sitting at 99% of its 91-day range high with $20M in on-chain liquidity on Uniswap. With only 6,448 tokens in total supply and 4,290 holders, kBTC remains a relatively niche product whose value proposition rests entirely on Kraken's custodial integrity and the utility of bringing BTC yield and DeFi access to Kraken clients.

Figures cited above are from the market snapshot taken when this analysis ran — Sep 3, 2026, 03:15 PM UTC. Live values may differ; the key facts at the top of the page are current.

Key points

  • Issued and custodied by Kraken, a regulated, long-standing centralized exchange — providing institutional-grade counterparty credibility relative to anonymous wrapped token issuers
  • Fully backed 1:1 by Bitcoin with on-chain proof-of-reserves verification, making price deviation from BTC spot structurally impossible under normal conditions
  • Cross-network compatibility as an ERC-20 enables kBTC holders to deploy Bitcoin value across Ethereum DeFi protocols without selling BTC

Kraken Wrapped Bitcoin AI Price Analysis

Medium Confidence

Short-Term · 24h-7d

Bullish

kBTC is trading at $80,692, sitting at 99% of its 91-day range high of $80,958.66, supported by a 30-day gain of 25.8% and a 90-day gain of 33.1%. The recent daily close sequence shows a clear staircase pattern from $74,474 to $80,692, with the last session reclaiming the $80,165 level decisively. Short-term momentum favors continuation toward the immediate resistance at $80,928.75, though the proximity to the 91-day high introduces elevated pullback risk.

Medium-Term · 30d-90d

Bullish

The 30-day (+25.8%) and 90-day (+33.1%) trends both confirm a sustained uptrend in the underlying Bitcoin price that kBTC tracks 1:1. A decisive break above the major resistance at $80,958.66 would open price discovery above the 91-day range, while a failure there could see a retest of the $77,000–$78,500 consolidation band. The structural trend remains bullish as long as Bitcoin's macro momentum holds.

Bullish Factors

  • 90-day price appreciation of +33.1% and 30-day gain of +25.8% confirm a durable uptrend in the underlying BTC price that kBTC mirrors exactly
  • Current price of $80,692 sits at 99% of the 91-day range high, indicating strong buying conviction and a market unwilling to give back gains
  • Daily close sequence over the last 14 sessions shows a clear higher-lows pattern (from $74,474 to $80,692), a textbook uptrend structure
  • 24-hour buy-to-sell ratio of 48 buys vs. 20 sells (2.4:1) and 40 unique buyers vs. 16 unique sellers indicates broad-based demand rather than a single large actor

Bearish Factors

  • At 99% of the 91-day range, kBTC is trading near a historically significant resistance cluster ($80,928.75–$80,958.66), where prior swing highs have capped price
  • The 7-day gain of only +0.7% signals that short-term momentum has stalled materially relative to the 30-day and 90-day trends, suggesting near-term exhaustion
  • Daily volatility of 1.9% combined with a thin liquidity pool of ~$20M means a moderate-sized sell order could produce outsized slippage relative to the $520M market cap
  • Top 10 holders control 96.4% of supply; per-wallet classification is unavailable, so the dumpable-supply fraction cannot be assessed — this is an unquantifiable concentration risk

Disclaimer: This AI-generated prediction is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile. Always conduct your own research.

kBTC call history

Full track record →

Sep 3bullish
24h-2.0%
7d-4.0%
30d+5.0%

Calls are recorded the moment the analysis is generated and scored automatically against the market price 24h, 7d and 30d later — hits and misses alike, never edited.

Token Info

Chain
Ethereum
Contract
0x73e0...db98
Total Supply
—
Decimals
—

Key Risks

  • Custodial concentration risk: the entire value proposition of kBTC depends on Kraken's solvency and operational continuity — a Kraken insolvency or regulatory freeze would leave kBTC holders unable to redeem their underlying BTC
  • On-chain liquidity of ~$20M is insufficient to absorb large forced liquidations without significant price impact, creating a potential de-peg risk during market stress events
  • Top-10 holder concentration of 96.4% with no wallet-level classification means the dumpable supply fraction is unknown — a scenario where large holders are individual whales rather than protocol contracts would represent a severe undisclosed risk

Trading Insight

bullish

Trading sentiment is modestly bullish: buy pressure at 50.4% versus sell pressure at 49.6% is nearly balanced in volume terms, but the transaction count skew — 48 buys versus 20 sells in 24 hours — reveals that buyers are more numerous and more active. The accelerating buy-side transaction frequency in the 1-hour window (11 buys, 2 sells) suggests intraday momentum is building rather than fading.

AI-generated insight. Not financial advice.

Frequently Asked Questions

Trend Analysis

Short-Term (7d)

Bullish

Medium-Term (30d)

Bullish

Both short-term and medium-term trends are bullish: the 7-day change of +0.7% reflects a brief consolidation after a strong run, while the 30-day (+25.8%) and 90-day (+33.1%) figures confirm a sustained uptrend. The 14-session daily close sequence from $74,474 to $80,692 shows a clear pattern of higher lows and higher highs, with the most recent session reclaiming multi-week highs. The only caution is the 7-day deceleration, which suggests the market may be digesting gains before the next leg.

Momentum

Status

Overbought

With price at 99% of the 91-day range and a 30-day gain of 25.8%, momentum indicators would be expected to read in overbought territory. The 7-day stall (+0.7%) is consistent with a market pausing at resistance after an extended run, and the daily volatility of 1.9% — while moderate — leaves room for a sharp mean-reversion move if the $80,928–$80,958 resistance zone rejects price.

Volume Analysis

Buy

50.4%

Sell

49.6%

Volume Trend

Stable

24-hour volume of ~$10.47M against $20M liquidity represents a 52% daily turnover — healthy for a wrapped Bitcoin product. The buy/sell volume split is nearly even ($5.27M vs. $5.19M), but the transaction count imbalance (48 buys vs. 20 sells) indicates sell-side activity is concentrated in larger individual transactions. No multi-day volume history is available to assess whether volume is trending up or down.

Recent Price Action

The 14-session daily close sequence shows a recovery from $74,474, a consolidation band between $75,337 and $78,510 over several sessions, and then a breakout to $80,165 followed by a brief pullback to $77,898 and a strong recovery to the current $80,692. This is a classic breakout-retest-continuation pattern.

The successful retest of the $77,898–$78,226 zone after the initial breakout above $78,490 is technically constructive — it converted former resistance into support. A sustained hold above $78,490 (now immediate support) would confirm the breakout's validity and favor continuation toward the $80,928–$80,958 resistance cluster.

Key Price Levels

Immediate support

$78,490.71

Major support

$58,252.77

Immediate resistance

$80,928.75

Major resistance

$80,958.66

The immediate support at $78,490.71 corresponds to a prior swing high that was breached on the recent breakout, making it a key level to hold for bulls — a close below it would signal the breakout has failed. The major support at $58,252.77 represents the 91-day range low, a level that would only be tested in a severe Bitcoin drawdown. On the upside, the immediate resistance at $80,928.75 and major resistance at $80,958.66 form a tight cluster just $266 above current price — this is the critical near-term hurdle, and a confirmed close above $80,958.66 would represent a 91-day range breakout with no prior OHLC resistance overhead.

AI overall risk

Medium

Risk Score

42/100

Risk Breakdown

  • VolatilityMedium

    Daily return volatility of 1.9% is moderate for a Bitcoin-tracking asset, reflecting BTC's inherent price swings. The 90-day range of $58,252–$80,958 represents a 39% spread, meaning holders can experience significant drawdowns even in a broadly bullish cycle.

  • LiquidityMedium

    On-chain liquidity of ~$20M on Uniswap is meaningful but modest relative to the $520M market cap — a liquidity-to-market-cap ratio of approximately 3.8%. Large on-chain transactions would face material slippage; however, Kraken's native mint/redeem mechanism may provide an off-chain liquidity backstop for institutional-sized positions.

  • ConcentrationNot assessed

    Ownership concentration cannot be assessed without a measured supply distribution.

  • Smart ContractNot assessed

    Contract or authority checks are not included in the saved provider observations.

  • RegulatoryMedium

    As a product issued by Kraken — a regulated exchange subject to U.S. and international financial oversight — kBTC faces regulatory risk tied to Kraken's operating licenses and any future regulatory action targeting wrapped Bitcoin products or custodial stablecoins. Regulatory changes affecting Kraken's ability to operate could impair the redemption mechanism.

Key Risks

  • Custodial concentration risk: the entire value proposition of kBTC depends on Kraken's solvency and operational continuity — a Kraken insolvency or regulatory freeze would leave kBTC holders unable to redeem their underlying BTC
  • On-chain liquidity of ~$20M is insufficient to absorb large forced liquidations without significant price impact, creating a potential de-peg risk during market stress events
  • Top-10 holder concentration of 96.4% with no wallet-level classification means the dumpable supply fraction is unknown — a scenario where large holders are individual whales rather than protocol contracts would represent a severe undisclosed risk

Mitigating Factors

  • Kraken's 16.7-month operational history with kBTC without a known de-pegging event provides empirical evidence of the backing mechanism's reliability under normal market conditions
  • On-chain proof-of-reserves verification allows any holder to independently confirm 1:1 BTC backing at any time, reducing information asymmetry about custodial integrity

Investor Suitability

kBTC is most suitable for existing Kraken clients seeking to deploy Bitcoin value in Ethereum DeFi without selling BTC, and for DeFi participants who prefer a custodially credible wrapped Bitcoin over alternatives. It is not suitable for investors seeking token-specific alpha, as its price is entirely determined by BTC spot price. Investors uncomfortable with custodial counterparty risk or the unquantified concentration risk should consider alternatives.

kBTC's investment thesis is inseparable from Bitcoin's: it is a 1:1 BTC-backed token whose price will track BTC exactly, with the additional variables of Kraken's custodial integrity and on-chain liquidity depth. The 90-day trend of +33.1% reflects Bitcoin's macro rally, and the current position at 99% of the 91-day range high suggests the market is testing a critical breakout level.

Scenario Analysis

Bull Case

Medium probability

Bitcoin breaks above its current range high, kBTC follows proportionally, and growing DeFi adoption of Kraken's wrapped product drives supply expansion and liquidity deepening. A confirmed close above $80,958.66 would signal a 91-day range breakout with no prior OHLC resistance overhead, potentially accelerating the trend.

  • Bitcoin macro breakout above the 91-day range high of $80,958.66, driven by institutional demand or macro risk-on conditions
  • Increased Kraken client adoption of kBTC for DeFi yield strategies, expanding the circulating supply and on-chain liquidity depth

Base Case

kBTC consolidates in the $78,490–$80,958 range as Bitcoin digests its 30-day gains, with the 7-day stall (+0.7%) extending into a multi-week consolidation before the next directional move is determined by Bitcoin's macro catalysts.

  • Bitcoin's 30-day momentum (+25.8%) moderates but does not reverse, keeping kBTC above the immediate support at $78,490.71
  • Kraken's custodial operations continue without disruption, maintaining the 1:1 BTC backing and on-chain liquidity at current levels

Bear Case

Medium probability

Bitcoin fails to break the $80,928–$80,958 resistance cluster and enters a corrective phase, pulling kBTC back toward the $77,000–$78,500 consolidation zone or lower. A macro Bitcoin drawdown toward the 91-day range low of $58,252 would represent a ~28% decline from current levels.

  • Rejection at the 91-day range resistance cluster ($80,928–$80,958) after a 33% run, triggering profit-taking and a reversion toward the $77,000–$78,500 support band
  • Macro risk-off event or negative Bitcoin-specific news (regulatory action, ETF outflows) causing a broader BTC correction that kBTC mirrors exactly

Analysis Details

Generated

Sep 3, 2026, 03:15 PM UTC

Saved observation

2026-09-03 15:15 UTC

Model Confidence

Medium

Data Snapshot

Price

$80692.1315036

Market Cap

$520.33M

24h Volume

$10.47M

Holders

4,290

Liquidity

$19,959,981.00

Data Sources

Unhosted DEX market data (price, volume, liquidity)Daily OHLC price historyAggregate holder count and top-10 concentration

Limitations

  • Holder growth history, size-tier distribution, and individual wallet classification data were unavailable for this chain — concentration risk cannot be fully assessed and holder trend analysis cannot be performed
  • Whale transaction data and smart-money cohort data were unavailable — large holder behavior and profitable-trader positioning cannot be observed
  • Contract-security audit data was unavailable on this chain's data provider — smart contract risk is rated at an uninformed default rather than a data-driven assessment
  • As a 1:1 BTC-backed token, kBTC's price is entirely determined by Bitcoin spot price — token-specific on-chain signals have limited predictive value compared to Bitcoin macro analysis

How we keep this honest

Every directional call on these pages is recorded before the outcome is known and scored on our public prediction track record. We apply the same standard to others: our audit of 1,581 crypto YouTube predictions found bullish calls did worse than random timing, and our memecoin pump anatomy study measured what chasing a pump actually costs.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a financial advisor before making investment decisions.

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