Bitcoin\u2019s price actions took another turn for the worse over the past few hours, as the asset plummeted further to $86,000 on most exchanges for the first time since April.<\/p>\n
This means that the cryptocurrency has neared a main support line according to numerous analysts, but the more worrisome part is the behavior of some whales.<\/p>\n
Data shared by Arkham shows that Owen Gunden, a well-known Bitcoin OG who has held the asset for 14 years, has been on a massive selling spree lately. More precisely, the entity has disposed of 11,000 BTC since October, a stash that is worth $1.3 billion.<\/p>\n
The latest transaction on this front came earlier today when Arkham detected a substantial transfer of $230 million worth of the cryptocurrency to Kraken.<\/p>\n
OWEN GUNDEN HAS NOW SOLD ALL OF HIS $1.3 BILLION BITCOIN<\/p>\n
Owen Gunden was an OG Bitcoin whale who held BTC since 2011. Since late October he has sold 11K BTC worth $1.3 billion.<\/p>\n
He has just transferred $230M of BTC to Kraken, marking his final sale. pic.twitter.com\/m0gQWCHrxZ<\/a><\/p>\n \u2014 Arkham (@arkham) November 20, 2025<\/a><\/p>\n\n This behaviour is quite different from that of other whales who have been accumulating<\/a> during the most recent broader crash, according to some reports, which pushed the asset from over $107,000 to $86,000 in the span of less than 10 days.<\/p>\n With bitcoin dropping to $86,000 minutes ago, analysts now discuss the next major support lines that can halt the freefall. CW outlined<\/a> a significant whales\u2019 buying wall at $85,000, which could be the first line of defense.<\/p>\n The Wolf Of All Streets believes<\/a> BTC\u2019s situation could turn \u201ctruly disgusting\u201d if it heads to the 200 MA situated at $55,000.<\/p>\n With its latest decline, BTC has liquidated over $410 million of longs in the past 24 hours, while the total value of wrecked positions across the entire market stands close to $900 million. Data from CoinGlass shows that the largest liquidation order occurred on HTX and was worth over $30 million.<\/p>\n The post Bitcoin Plunges to $86K as OG Whale Sells Off All $1.3 Billion BTC Holdings<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price actions took another turn for the worse over the past few hours, as the asset plummeted further to $86,000 on most exchanges for the first time since April. This means that the cryptocurrency has neared a main support line according to numerous analysts, but the more worrisome part is the behavior of some […]<\/p>\n","protected":false},"author":0,"featured_media":114607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-114606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114606"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114606"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/114607"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}