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An unidentified large Bitcoin holder has liquidated 1000 BTC for a total of $71.6 million, according to analysts from the transaction monitoring group EmberCN.
They estimate that the investor acquired approximately 5000 BTC in 2013 at an average price of around $332 per coin. After more than a decade, he began to realize profits: in November 2024, about 3000 BTC, valued at approximately $332 million, was transferred to Binance, the largest cryptocurrency exchange by trading volume.
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The average selling price was around $94,800 per Bitcoin, enabling the investor to achieve over $330 million in profit. Approximately 1500 BTC, valued at about $106 million based on current estimates, remains in his wallets.
Concurrently, another early investor sold 650 BTC for roughly $46.3 million, which may have increased selling pressure on the asset, analysts from Lookonchain noted.
This is not a one-time transaction: starting in the second half of 2025, the investor gradually reduced his holdings and has collectively sold over 11,000 BTC, nearly exiting the asset entirely. Analysts estimate that the wallet used for these transfers may be linked to investor Owen Gunden.
Previously, the Chinese company Cango, which is involved in car sales and ranks among the largest miners, reported a net loss of $452.8 million for its first full year of Bitcoin mining and has begun selling its accumulated cryptocurrency.
