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\n\t\t\t\t\t\t\t\t\tBTC is down to a new seven-month low.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin\u2019s price actions took another turn for the worse over the past few hours, as the asset plummeted further to $86,000 on most exchanges for the first time since April.<\/p>\n
This means that the cryptocurrency has neared a main support line according to numerous analysts, but the more worrisome part is the behavior of some whales.<\/p>\n
Data shared by Arkham shows that Owen Gunden, a well-known Bitcoin OG who has held the asset for 14 years, has been on a massive selling spree lately. More precisely, the entity has disposed of 11,000 BTC since October, a stash that is worth $1.3 billion.<\/p>\n
The latest transaction on this front came earlier today when Arkham detected a substantial transfer of $230 million worth of the cryptocurrency to Kraken.<\/p>\n
\nOWEN GUNDEN HAS NOW SOLD ALL OF HIS $1.3 BILLION BITCOIN<\/p>\n
Owen Gunden was an OG Bitcoin whale who held BTC since 2011. Since late October he has sold 11K BTC worth $1.3 billion.<\/p>\n
He has just transferred $230M of BTC to Kraken, marking his final sale. pic.twitter.com\/m0gQWCHrxZ<\/a><\/p>\n
\u2014 Arkham (@arkham) November 20, 2025<\/a><\/p>\n<\/blockquote>\n
This behaviour is quite different from that of other whales who have been accumulating<\/a> during the most recent broader crash, according to some reports, which pushed the asset from over $107,000 to $86,000 in the span of less than 10 days.<\/p>\n
With bitcoin dropping to $86,000 minutes ago, analysts now discuss the next major support lines that can halt the freefall. CW outlined<\/a> a significant whales\u2019 buying wall at $85,000, which could be the first line of defense.<\/p>\n
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The Wolf Of All Streets believes<\/a> BTC\u2019s situation could turn \u201ctruly disgusting\u201d if it heads to the 200 MA situated at $55,000.<\/p>\n
With its latest decline, BTC has liquidated over $410 million of longs in the past 24 hours, while the total value of wrecked positions across the entire market stands close to $900 million. Data from CoinGlass shows that the largest liquidation order occurred on HTX and was worth over $30 million.<\/p>\n
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