A long-term Bitcoin investor sold 1,000 BTC for $71.6 million after buying at $332 each 13 years ago, while another sold 650 BTC for $46.3 million.
On March 18, a significant transaction involving Bitcoin occurred when an early adopter transferred approximately 1,000 BTC, valued at around $71.6 million, to the Binance exchange, as analyzed by EmberCN.
This investor, who initially acquired 5,000 BTC at $332 each in November 2013, has been gradually liquidating assets since November 2024. To date, he has moved 3,500 BTC to Binance with an average selling price of about $94,786, netting him a remarkable profit exceeding $330 million. After these transactions, he retains 1,500 BTC valued at $106.8 million.
In another notable move, another early Bitcoin investor, potentially identified as Owen Gunden, sold 650 BTC for $46.3 million. Previously, Gunden had liquidated around 11,000 BTC, totaling approximately $1 billion in sales. This activity has sparked conversations in the crypto community regarding his trading strategies.
At the time of reporting, Bitcoin's price stands at $69,800, reflecting a 5.5% decline over the past day.
Ethereum Market Movements
On the same day, an unidentified large investor made headlines by purchasing Ethereum worth over $111 million after months of inactivity. This individual acquired 50,706 ETH at an average price of $2,201. The latest buy came after the investor sold 28,683 ETH at $3,892 last year, showcasing a strategy of buying low and selling high.
Additionally, former ShapeShift CEO Erik Voorhees was rumored to have acquired 24,968 ETH for $56.5 million, but he later refuted this claim.
Ethereum's current trading price is around $2,700, down 6.4% in the last 24 hours. Notably, Citigroup has recently revised its annual Bitcoin price forecast from $143,000 to $112,000, and for Ethereum, the estimate dropped from $4,304 to $3,175.
