According to the latest data from on-chain analysis platform Arkham Intelligence, a well-known early Bitcoin investor (Bitcoin OG), with address labeled as “1011short,” deposited 5,152 BTC into a mainstream CEX on Thursday, valued at approximately $445 million based on current prices. This large transfer quickly drew significant market attention regarding potential selling pressure and market direction.
Data shows that the trader was still increasing their Ethereum long positions earlier on the same day. Before the US stock market opened, their on-chain holdings included about 203,341 ETH, 1,000 BTC, and 250,000 SOL, with the total crypto asset position value approaching $695 million, indicating strong financial capacity and market influence.
Looking back at the market, in November, amid cooling US inflation data, the crypto market experienced a rapid rebound, with Bitcoin price briefly surpassing $89,000, Ethereum approaching $3,000, and mainstream coins generally strengthening. However, market sentiment then shifted to caution, and the rally did not continue.
At the time of writing, market data shows Bitcoin has fallen back to around $85,166. Over the past 10 hours, the cryptocurrency market experienced significant selling, with the total market cap evaporating over $10 billion and falling below the $3 trillion mark. Analysts point out that the transfer of assets from Bitcoin OGs to exchanges is often seen as an important short-term risk indicator, and subsequent fund movements remain worth monitoring.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Metaplanet Responds to JPX Regulatory Update Consultation: It Does Not Affect the Advancement of Its Bitcoin Strategy, With More Than 216,000 Japanese Shareholders Already Participating
Metaplanet CEO Simon Gerovich said he respects the decision by a Japanese exchange to delay the inclusion of cryptocurrency companies, and emphasized that the company will continue to pursue its Bitcoin strategy. Through the “Project Nova” project, it will help develop Japan’s Bitcoin ecosystem; it has already attracted more than 216k shareholders and will continue to communicate with all parties.
GateNews39m ago
Bitcoin facing quantum risk: The paths to protect the biggest blockchains
A quantum computer powerful enough to break the Bitcoin blockchain does not exist yet. However, developers have already begun discussing a wave of upgrades aimed at building a defensive layer against this potential threat — and that is completely well-founded, because this risk is no longer a purely hypothetical scenario.
TapChiBitcoin56m ago
Price predictions 4/3: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Key points:
Buyers are attempting to maintain BTC above the $66,500 level, but several analysts believe that the $60,000 level may crack.
Some major altcoins risk breaking below their immediate support levels, signaling that bears remain in control.
Buyers are attempting to push an
Cointelegraph1h ago
Rich Bitcoin traders lost $337M daily in first quarter of 2026
Bitcoin (BTC) traders holding 100–10,000 BTC realized losses at an average of $337 million per day in Q1 2026, the worst quarter since 2022, according to data from Glassnode.
Key takeaways:
Bitcoin dropped more than 20% after whales last realized losses at a comparable pace in 2022.
Cointelegraph1h ago
Glassnode: Bitcoin whale and shark Q1 average daily losses exceed $300 million
On April 5, Glassnode data showed that in the first quarter, the “sharks” holding 100–1,000 BTC and the “giant whales” holding 1,000–10,000 BTC together incurred losses of about $337 million, with total losses of $30.9 billion year to date. Long-term holders are losing about $200 million per day on average, and the market expects Bitcoin’s potential bottom range to be between $40k and $50k.
GateNews1h ago
VanEck Research Head: BTC derivatives protection demand hits the 99th percentile, releasing a contrarian long setup signal
VanEck research chief Matthew Sigel noted that protective demand in the Bitcoin derivatives market has reached a historical high, suggesting the market may be suitable for establishing long positions. At the same time, he warned that high spending in the AI sector without returns could put pressure on the market.
GateNews2h ago
