Bitcoin News

Story: Bitcoin Veterans Are Offloading BTC, Raising Market Jitters

By Pankaj K

1 / 15

Veteran Whales Stir Market Anxiety. On-chain data from Lookonchain revealed that two prominent Bitcoin veterans — BitcoinOG…

2 / 15

BitcoinOG’s History of Well-Timed Moves. The pseudonymous trader BitcoinOG (1011short) is not new to controversy.

3 / 15

Owen Gunden: The Return of a “True OG”. Perhaps even more intriguing is the reappearance of Owen Gunden, one of Bitcoin’s earliest known…

4 / 15

Analysts Urge Caution, Not Panic. Despite growing chatter, experts urge caution before assuming that whale deposits automatically…

5 / 15

The Market Context: Uncertainty Around $110K. Bitcoin’s latest whale activity comes during a sensitive phase for the crypto market.

6 / 15

Conclusion: Volatility Ahead, but No Panic Yet. The recent activity by veteran Bitcoin holders has undoubtedly rattled nerves, but the situation…

7 / 15

Bitcoin’s price near the $108,000 mark has once again become a flashpoint for market uncertainty.

8 / 15

While some traders interpret these large transfers as a sign of impending selling pressure, analysts caution that whale deposits don’t always translate into immediate liquidation.

9 / 15

On-chain data from Lookonchain revealed that two prominent Bitcoin veterans — BitcoinOG (1011short) and Owen Gunden — have transferred massive sums of BTC to exchanges over the…

10 / 15

BitcoinOG, a pseudonymous whale trader known for his accurate bearish positioning during past market downturns, has reportedly deposited around 13,000 BTC (worth $1.

11 / 15

The scale and timing of these transactions have unsettled traders, given Bitcoin’s current price consolidation near $108,000 — a level seen as critical resistance after October’s…

12 / 15

The pseudonymous trader BitcoinOG (1011short) is not new to controversy. Known for executing highly leveraged short positions during market peaks, he gained widespread attention…

13 / 15

On-chain analysts have since traced a recurring pattern of BTC transfers from wallets linked to this entity toward major exchanges like Kraken, Binance, and Coinbase.

14 / 15

In early November, BitcoinOG moved another 500 BTC (around $55 million) to Kraken, followed by smaller deposits ranging from 70 to 150 BTC to Hyperliquid.

15 / 15

Given this track record, many traders interpret his recent moves as a possible signal of renewed bearish bets, potentially setting the stage for a volatile month ahead.

The Currency Analytics

Want the full story?