Archive · 22 Nov 2025
Bitcoin Whale Owen Gunden Sells $1.3bn Worth of BTC
A man called Owen Gunden, who bought Bitcoin very early and had a lot of it, sold all his Bitcoin recently.
This is worth about $1.3 billion.
Some people think this might mean the Bitcoin market is getting worse, but other big investors are still buying Bitcoin.
Gunden is still very rich, even after selling his Bitcoin.
Owen Gunden, known as the Bitcoin wizard, sold off all his BTC holdings worth $1.3bn
He started selling in October, with the last transaction of 2,499 BTC to Kraken
CryptoQuant's Bull Score Index dropped to 20, indicating 'extreme bearish' conditions
Institutional investors are increasing their Bitcoin holdings despite Gunden's exit
Gunden is the eighth-richest individual in the crypto industry, with an estimated net worth of $561 million
- Who
- Owen Gunden, a.k.a. the Bitcoin wizard
- What
- Sold all his Bitcoin holdings worth $1.3bn
- When
- Started in October 2023, last transaction on November 19, 2023
- Where
- On crypto exchanges
- Why
- To take profits, possibly reallocate capital, or signal the market peak
Bearish View
Bullish View
Gunden's exit
Bearish View
Could indicate the market peak or a bearish trend
Bullish View
Could be a calculated profit-taking move or portfolio reshuffle
- Institutional participation in Bitcoin
- Rising from 27% to 40%
