Large Investors Impact the Market by Selling Bitcoin and Ethereum.

Recently, fluctuations in the cryptocurrency market have attracted the attention of investors, and concerns have increased regarding the sales made by large investors. Early Bitcoin investor Owen Gunden and an Ethereum whale have sold over a total of 330 million dollars in cryptocurrency.

According to on-chain data, Owen Gunden sold 2,587 Bitcoin in the last 9 days. The total value of these sales is estimated to be around 289 million dollars, with Gunden’s average sale price being around 111,546 dollars. Gunden still holds 7,150 Bitcoin, which is approximately worth 793 million dollars.

Recently, Owen Gunden transferred 395.8 Bitcoin (approximately 43.7 million dollars) to the Kraken exchange. He is known for having a wallet with more than 10,000 Bitcoin. This move has led to speculation among investors that Gunden is either realizing short-term profits or anticipating a potential price correction.

On the Ethereum side, a similar situation occurred. A whale known by the username 0x550 transferred 10,000 Ethereum (approximately 39.1 million dollars) to the Binance exchange today, which was purchased two months ago. On-chain data shows that this transaction was made with an approximate loss of 7.5 million dollars.

Sales by large investors have created short-term pressure on the market. Analysts note that such whale movements generally increase price volatility and negatively affect investor sentiment. Investors should carefully monitor price movements if these sales continue.