"An unidentified wallet bought 5,000 BTC roughly 12 years ago at about $332 per coin, which is around $1.66 million total. It sat untouched until November 2024, when the owner started selling near Bitcoin's highs."
"The second seller has been linked by Arkham Intelligence to early Bitcoin investor Owen Gunden, though he hasn't confirmed it. The 650 BTC he sold on March 19 was the last piece of a much larger exit that started in October 2025."
Bitcoin is currently trading at approximately $70,500 after a failed attempt to reach $75,000. Two major sellers sold a total of $117 million in BTC following the Fed's decision on interest rates. Despite these sales, whale wallets added 8,400 BTC in the same period. The supply of Bitcoin on exchanges has decreased to 2.7 million BTC, the lowest since 2018. Large holders have accumulated 270,000 BTC in the last month, indicating strong demand despite recent selling activity.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]