One of the world’s largest individual Bitcoin holders has exited the market entirely. Blockchain data shows that Owen Gunden — ranked as the eighth-richest crypto whale — has liquidated his full BTC position, offloading around 11,000 Bitcoin worth $1.3 billion over the past month.
Info comes via crypto media outlets.
The final tranche moved on November 20, when the wallet associated with Gunden sent 2,499 BTC (about $228 million) to the Kraken exchange, completing the liquidation that began on October 21. The selling spree coincides with weakening retail sentiment and a broader cooldown in speculative flows across crypto markets.
Gunden’s exit removes one of Bitcoin’s largest long-term holders from the landscape and may add to near-term pressure as the market digests the supply absorbed by exchanges.
