Bitcoin’s worth actions took one other flip for the more serious over the previous few hours, because the asset plummeted additional to $86,000 on most exchanges for the primary time since April.
Which means that the cryptocurrency has neared a essential help line in response to quite a few analysts, however the extra worrisome half is the habits of some whales.
Information shared by Arkham reveals that Owen Gunden, a well known Bitcoin OG who has held the asset for 14 years, has been on a large promoting spree recently. Extra exactly, the entity has disposed of 11,000 BTC since October, a stash that’s value $1.3 billion.
The most recent transaction on this entrance got here earlier right this moment when Arkham detected a considerable switch of $230 million value of the cryptocurrency to Kraken.
OWEN GUNDEN HAS NOW SOLD ALL OF HIS $1.3 BILLION BITCOIN
Owen Gunden was an OG Bitcoin whale who held BTC since 2011. Since late October he has offered 11K BTC value $1.3 billion.
He has simply transferred $230M of BTC to Kraken, marking his last sale. pic.twitter.com/m0gQWCHrxZ
— Arkham (@arkham) November 20, 2025
This behaviour is sort of totally different from that of different whales who’ve been accumulating throughout the latest broader crash, in response to some reviews, which pushed the asset from over $107,000 to $86,000 within the span of lower than 10 days.
With bitcoin dropping to $86,000 minutes in the past, analysts now focus on the following main help strains that may halt the freefall. CW outlined a big whales’ shopping for wall at $85,000, which might be the primary line of protection.
The Wolf Of All Streets believes BTC’s state of affairs may flip “really disgusting” if it heads to the 200 MA located at $55,000.
With its newest decline, BTC has liquidated over $410 million of longs up to now 24 hours, whereas the whole worth of wrecked positions throughout your complete market stands near $900 million. Information from CoinGlass reveals that the most important liquidation order occurred on HTX and was value over $30 million.
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