Satoshi-Era Bitcoin Investor Owen Gunden Moves $290,000,000 in BTC

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bitcoin's market movements Bitcoin whales answer Advertisement A Satoshi-era investor who was among the first to hold over 10,000 Bitcoin , Owen Gunden, has reportedly transferred 2,587 Bitcoin (worth about $290 million) to Kraken in the past 10 days, causing new turmoil for the cryptocurrency. Concerns regarding possible liquidation pressure and its effect on short-term price momentum have been raised by the markets' shockwaves caused by this abrupt spike in selling activity. Bitcoin's market movements The action comes as Bitcoin continues to fight for stability above the resistance level of $115,000. A lack of conviction among buyers is indicated by the frequent rejections of Bitcoin in the $114,000-$116,000 range on the daily chart. The asset is currently trading at about $112,000, and the 200-day moving average, which is at $108,000, is the final important support before the market runs the risk of going further into correction territory. BTC/USDT Chart by TradingView According to recent performance metrics, Bitcoin ’s three-year median annualized returns are on a sharp decline and are currently approaching their lowest levels in years, which coincides with this selling pressure. It is possible that early investors like Gunden were motivated to lock in gains following years of appreciation because the data indicates that long-term profitability for holders has been gradually declining. HOT Stories Morning Crypto Report: Elon Musk's SpaceX Resumes Strange Bitcoin Activity, XRP Ticker Debuts on Nasdaq, US-China Talks Trigger $824,470,000 Crypto Liquidations XRP ETF Flows Will Exceed What People Are Expecting, Analyst Predicts XRP-Based Loans to Launch in December, Ethereum to $5,000, Western Union to Introduce Solana-Based Stablecoin — Crypto News Digest Crypto Market Prediction: Ethereum's (ETH) Goodbye to $4,000? Shiba Inu (SHIB) Adding Another Zero? Is $115,000 Unbreakable for Bitcoin (BTC)? You Might Also Like Thu, 10/30/2025 - 06:16 Bitcoin ETFs Record Disastrous Outlfows By Alex Dovbnya Advertisement Bitcoin whales answer Market sentiment is just as brittle. As older whales continue to distribute their holdings, trading volume is still low, and on-chain data shows a decline in inflows, indicating that new investors are reluctant to join. If this trend continues, it may spur additional declines and push Bitcoin closer to $108,000-$110,000 before a significant recovery. To put it briefly, Gunden’s liquidation has come at the worst possible time for Bitcoin’s immediate future. This Satoshi-era dump highlights a significant change in market dynamics, even though the long-term fundamentals are still sound: even the oldest holders are starting to take profits, which suggests that the market’s next big move may be down before it goes up. #Bitcoin #Bitcoin Price