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The cryptocurrency space has witnessed a market move that will either strengthen investor sentiment or plunge it further. Owen Gunden, a well-known early Bitcoin investor, sold all of his 14-year Bitcoin investment on November 20, 2025. Blockchain data from Arkham Intelligence confirmed that Gunden transferred his last 2,499 BTC to Kraken. The stash is valued at about $228–230 million at the current price of around $91,000 per BTC. The transfer marked the end of a month-long sales series that began in late October, during which he sold a total of 11,000 BTC worth roughly $1.3 billion. Whale Sells $1.3B Worth of Bitcoin Gunden’s wallet was first noted in 2011 on sites like Mt. Gox and Tradehill. It was once among the top 10 richest Bitcoin addresses. Blockchain intelligence company Arkham Intelligence tracked the wallet’s activity and confirmed it now holds zero Bitcoin. Gunden sold his assets while Bitcoin traded around $91,000, after recently dropping from its all-time high of over $125,500. Gunden started selling his bitcoin on October 21. He made an initial deposit of 364 BTC, which is about $40 million, to Kraken. He continued to transfer more bitcoin throughout November. On November 8, he moved 3,600 BTC to the exchange, and the next day, he transferred another 3,549 BTC. By November 14, a total of 988 BTC had left his control. The sale of the last 2,499 BTC, valued at about $228–230 million on November 20, concluded the trading. This marked the end of one of the longest-held large Bitcoin positions in history. Will the Market Survive the Dump? The sale coincided with a period when Bitcoin experienced its largest price drop in six months, briefly falling below $90,000. In the heat of the bearish crypto market, spot exchange-traded funds (ETFs) tied to the value of the world’s leading crypto asset, bitcoin (BTC), shed a massive $870 million on Thursday, November 13, 2025. This marked the second-highest outflow day for these investment funds since their debut in the U.S. While selling pressure may increase, leading to a significant price drop, many experts believe this trend could signal a bullish outlook for the short- or long-term. Meanwhile, large Bitcoin (BTC) investors, known as whales, have been heavily accumulating recently. In just one week, they bought over 45,000 BTC, making it the second-largest weekly accumulation this year. The post Early Bitcoin Investor Offloads Entire $1.3B Portfolio After 14 Years appeared first on CoinTab News.The cryptocurrency space has witnessed a market move that will either strengthen investor sentiment or plunge it further. Owen Gunden, a well-known early Bitcoin investor, sold all of his 14-year Bitcoin investment on November 20, 2025. Blockchain data from Arkham Intelligence confirmed that Gunden transferred his last 2,499 BTC to Kraken. The stash is valued at about $228–230 million at the current price of around $91,000 per BTC. The transfer marked the end of a month-long sales series that began in late October, during which he sold a total of 11,000 BTC worth roughly $1.3 billion. Whale Sells $1.3B Worth of Bitcoin Gunden’s wallet was first noted in 2011 on sites like Mt. Gox and Tradehill. It was once among the top 10 richest Bitcoin addresses. Blockchain intelligence company Arkham Intelligence tracked the wallet’s activity and confirmed it now holds zero Bitcoin. Gunden sold his assets while Bitcoin traded around $91,000, after recently dropping from its all-time high of over $125,500. Gunden started selling his bitcoin on October 21. He made an initial deposit of 364 BTC, which is about $40 million, to Kraken. He continued to transfer more bitcoin throughout November. On November 8, he moved 3,600 BTC to the exchange, and the next day, he transferred another 3,549 BTC. By November 14, a total of 988 BTC had left his control. The sale of the last 2,499 BTC, valued at about $228–230 million on November 20, concluded the trading. This marked the end of one of the longest-held large Bitcoin positions in history. Will the Market Survive the Dump? The sale coincided with a period when Bitcoin experienced its largest price drop in six months, briefly falling below $90,000. In the heat of the bearish crypto market, spot exchange-traded funds (ETFs) tied to the value of the world’s leading crypto asset, bitcoin (BTC), shed a massive $870 million on Thursday, November 13, 2025. This marked the second-highest outflow day for these investment funds since their debut in the U.S. While selling pressure may increase, leading to a significant price drop, many experts believe this trend could signal a bullish outlook for the short- or long-term. Meanwhile, large Bitcoin (BTC) investors, known as whales, have been heavily accumulating recently. In just one week, they bought over 45,000 BTC, making it the second-largest weekly accumulation this year. The post Early Bitcoin Investor Offloads Entire $1.3B Portfolio After 14 Years appeared first on CoinTab News.

Early Bitcoin Investor Offloads Entire $1.3B Portfolio After 14 Years

2025/11/21 05:19

The stash is valued at about $228–230 million at the current price of around $91,000 per BTC. The transfer marked the end of a month-long sales series that began in late October, during which he sold a total of 11,000 BTC worth roughly $1.3 billion.

Whale Sells $1.3B Worth of Bitcoin

Gunden’s wallet was first noted in 2011 on sites like Mt. Gox and Tradehill. It was once among the top 10 richest Bitcoin addresses. Blockchain intelligence company Arkham Intelligence tracked the wallet’s activity and confirmed it now holds zero Bitcoin. Gunden sold his assets while Bitcoin traded around $91,000, after recently dropping from its all-time high of over $125,500.

Gunden started selling his bitcoin on October 21. He made an initial deposit of 364 BTC, which is about $40 million, to Kraken. He continued to transfer more bitcoin throughout November. On November 8, he moved 3,600 BTC to the exchange, and the next day, he transferred another 3,549 BTC.

By November 14, a total of 988 BTC had left his control. The sale of the last 2,499 BTC, valued at about $228–230 million on November 20, concluded the trading. This marked the end of one of the longest-held large Bitcoin positions in history.

Will the Market Survive the Dump?

The sale coincided with a period when Bitcoin experienced its largest price drop in six months, briefly falling below $90,000. In the heat of the bearish crypto market, spot exchange-traded funds (ETFs) tied to the value of the world’s leading crypto asset, bitcoin (BTC), shed a massive $870 million on Thursday, November 13, 2025. This marked the second-highest outflow day for these investment funds since their debut in the U.S.

While selling pressure may increase, leading to a significant price drop, many experts believe this trend could signal a bullish outlook for the short- or long-term. Meanwhile, large Bitcoin (BTC) investors, known as whales, have been heavily accumulating recently. In just one week, they bought over 45,000 BTC, making it the second-largest weekly accumulation this year.

The post Early Bitcoin Investor Offloads Entire $1.3B Portfolio After 14 Years appeared first on CoinTab News.

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