📉 Whale activity alert: Veteran investor Owen Gunden, an ea
Crypto Globe Gazette
Updated at: 3 hours ago
{"content":"📉 Whale activity alert: Veteran investor Owen Gunden, an early holder of more than 10,000 $BTC has moved 2,587 BTC ($290 million) to the exchange Kraken over the past 10 days.
🔍 Why this matters:
When “satoshi-era” holders move large amounts to exchanges, it often sparks fears of imminent sell pressure or profit-taking.
The timing is delicate: BTC is already battling resistance near $115,000, and key supports around $108,000 are in view.
On-chain signals show declining inflows from new holders and increased distribution from older ones, a sign that market participation may be cooling.
🧠 Bottom line for crypto-savvy traders:
This isn’t a guaranteed dump, but it is a red flag for risk management. Large-scale movements by early holders suggest that while the long-term fundamentals might be strong, near-term structure could be vulnerable. If you’re in BTC or watching it, tightening stop-losses and keeping an eye on exchange flows and volume spikes may be prudent.","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/30/1be0835329956bbc9a83ba2000f90404.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}