One of Bitcoin’s earliest known investors, Owen Gunden, has transferred 2,587 BTC, worth roughly $290 mln, to crypto exchange Kraken over the past 10 days, raising fears of renewed selling pressure on the market.
Gunden, among the first to hold more than 10,000 BTC during Bitcoin’s early «Satoshi-era» years, had been largely inactive for over a decade. His sudden movement of funds comes as Bitcoin struggles to hold key technical levels following repeated rejections in the $114,000–$116,000 range.
Bitcoin has slipped to around $112,000, with analysts warning that a break toward the 200-day moving average near $108,000 could deepen...