A Bitcoin whale who amassed 5,000 BTC in 2013 resumed selling on March 18, offloading 1,000 BTC valued at roughly $71.6 million. Onchain analytics provider EmberCN noted that this wallet has transferred 3,500 BTC, or about $332 million, to Binance since November 2024. The whale originally bought BTC at an average price of $332, generating estimated profits of $330 million to date. The wallet still holds 1,500 BTC, worth about $106.8 million.
Separately, early Bitcoin investor Owen Gunden reportedly sold 650 BTC, worth $46.3 million, according to Lookonchain. Prior disposals by Gunden total around 11,000 BTC, exceeding $1 billion.
CryptoQuant data shows the Bitcoin exchange whale ratio reached 0.83 on March 14, indicating that the top 10 deposits accounted for 83% of total inflows. Today, on March 19, the ratio sits at 0.66, confirming whales continue to dominate exchange activity.
Bitcoin fell 4.5% in 24 hours to $70,813, retreating more than 43% from its October 2025 peak.
