Bitcoin Whale Liquidates Entire $1.3 Billion Fortune Amidst Institutional Growth

A prominent Bitcoin figure, known as Owen Gunden, has liquidated his entire bitcoin holdings worth approximately $1.3 billion since October 21st. This move coincides with a surge in institutional ownership of US spot Bitcoin ETFs, reaching record highs despite a downturn in market sentiment. Data from Arkham Intelligence reveals Gunden’s final transfer of 2,499 BTC to Kraken for liquidation, bringing his total Bitcoin holdings to zero. 50% less than peak levels.