Bitcoin OG sells $72 million in BTC as whales flood exchange deposits

A Bitcoin whale, holding BTC since 2013, has resumed selling, offloading another $71.6 million worth of BTC, bringing their total sales since November 2024 to $332 million. This whale originally purchased BTC at an average price of $332 and has realized approximately $330 million in profits. Simultaneously, early Bitcoin investor Owen Gunden sold an additional $46.3 million in BTC, adding to previous sales totaling over $1 billion. The increased activity is reflected in a high exchange whale ratio, indicating that large holders are driving the majority of deposits to exchanges. Bitcoin's price has fallen 4.5% in the last 24 hours, trading at $70,813, and has retreated significantly from its all-time high.

(Source：The Block)