20 hour ago
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Winklevoss Twins and Owen Gunden Reduce Bitcoin Holdings Significantly
Bitcoin's price recently faced difficulties, stabilizing just above $100,000 amidst market fragility. Heavy selling pressure from large holders and major whale movements have contributed to this downtrend.
Key Players in Recent Transactions
- The Winklevoss Twins' Gemini Custody wallets and early Bitcoin miner Owen Gunden are significant actors in recent Bitcoin transactions.
- Winklevoss Capital and Gemini Custody wallets have been transferring substantial Bitcoin amounts, with the latest transaction moving 250 BTC ($25.45 million) to a Gemini hot wallet. Since 2025, they have liquidated over 9,000 BTC, reducing their holdings from 24,000 BTC to under 16,000 BTC.
Owen Gunden's Transfers
- Early Bitcoin miner Owen Gunden transferred 3,549 BTC ($361.8 million), continuing a pattern of large transfers, including 3,601 BTC sent a day prior.
- Approximately 600 BTC from these transfers were deposited on Kraken, indicating potential liquidation and further reducing Gunden’s holdings from 11,000 BTC to nearly zero.
These extensive movements contribute to ongoing selling pressure on Bitcoin, coinciding with outflows from US-based Spot Bitcoin ETFs amounting to $558.44 million last week. Despite this, Bitcoin experienced a modest rebound over the weekend, trading at $106,270, up by 4.4% in the past 24 hours, following a series of positive weekend trends.
