Citing BitJie, a major Bitcoin long-term holder, Owen Gunden, sold 1,800 BTC worth $200 million through Kraken in the week of November 11. This follows a broader trend of long-term holders (LTHs) offloading over 414,000 BTC in November, totaling $43 billion in value. ETF inflows have turned negative, adding downward pressure on Bitcoin’s price, which currently trades at $105,000. Market participants are preparing for a potential drop to $96,000 or lower, with increased hedging activity in the options market.
Bitcoin OG Whale Sells $200M in BTC Amid ETF Outflows and Price Pressure
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