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Historical Profit-Taking: Satoshi-Era Whales Begin Liquidating BTC
The market is witnessing a significant move as some of Bitcoin’s oldest holders transition from a decade of "HODLing" to active profit-taking. Recent on-chain data highlights two major exits that are catching the industry's attention:
The 2013 Accumulator: An investor who built a position of 5,000 BTC back in 2013 (at an average price of just $332) recently offloaded 1,000 BTC, valued at approximately $71.6 million. This continues a trend starting in late 2024; so far, this whale has moved 3,500 BTC to Binance, cashing out a total of $332 million.
The "Owen Gunden" Exit: Owen Gunden, a prominent figure from the Satoshi Nakamoto era known for his early arbitrage trading on Mt. Gox and Tradehill, has sold another 650 BTC ($46.3 million). Gunden—who later served as a LedgerX board member—has now liquidated over 11,650 BTC in total, surpassing $1 billion in career sales.
These moves reflect a broader shift in the ecosystem as veteran "OGs" and institutional creditors lock in historic gains, transferring supply to a new generation of market participants.
#BitcoinWhales #CryptoAnalysis #SatoshiEra #BTCProfitTaking #BlockchainData
$BTC
The market is witnessing a significant move as some of Bitcoin’s oldest holders transition from a decade of "HODLing" to active profit-taking. Recent on-chain data highlights two major exits that are catching the industry's attention:
The 2013 Accumulator: An investor who built a position of 5,000 BTC back in 2013 (at an average price of just $332) recently offloaded 1,000 BTC, valued at approximately $71.6 million. This continues a trend starting in late 2024; so far, this whale has moved 3,500 BTC to Binance, cashing out a total of $332 million.
The "Owen Gunden" Exit: Owen Gunden, a prominent figure from the Satoshi Nakamoto era known for his early arbitrage trading on Mt. Gox and Tradehill, has sold another 650 BTC ($46.3 million). Gunden—who later served as a LedgerX board member—has now liquidated over 11,650 BTC in total, surpassing $1 billion in career sales.
These moves reflect a broader shift in the ecosystem as veteran "OGs" and institutional creditors lock in historic gains, transferring supply to a new generation of market participants.
#BitcoinWhales #CryptoAnalysis #SatoshiEra #BTCProfitTaking #BlockchainData
$BTC
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