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Bitcoin’s earliest billionaire empties entire portfolio after market crash
Bitcoin (BTC) whale Owen Gunden has sold his entire holdings. The eighth richest crypto holder in the world has unloaded roughly $1.3 billion worth of BTC over the past month as retail sentiment plunges. Blockchain data from Arkham shows the wallet attributed to Gunden transferred his final 2,499 BTC, worth $228 million, to Kraken on Nov. 20. The move completes a full liquidation of 11,000 BTC since Oct. 21. Gunden’s exit comes as Bitcoin trades under heavy pressure, with market conditions deteriorating. Tony Severino, chartered market technician and Bitcoin trader, described the crash as the 'dangerously bearish' ... (full story)
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