{"id":76872,"date":"2026-03-19T07:18:17","date_gmt":"2026-03-19T07:18:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=76872"},"modified":"2026-03-19T07:18:17","modified_gmt":"2026-03-19T07:18:17","slug":"bitcoin-og-whales-abandon-ship-as-btc-price-risks-dumping-below-70k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=76872","title":{"rendered":"Bitcoin OG Whales Abandon Ship as BTC Price Risks Dumping Below $70K"},"content":{"rendered":"<div>\n<p>Bitcoin\u2019s price has nosedived once again in the past 24 hours, dropping below $71,000 for the first time since the weekend.<\/p>\n<p>While the blame has been placed on the US Federal Reserve, certain OG whales have been disposing of large BTC portions, which can also be attributed to the correction.<\/p>\n<h2>OGs Selling<\/h2>\n<p>Lookonchain reported that an ancient BTC wallet sold another 1,000 units in the past day, worth around $71 million. The entity received 5,000 BTC (worth around $1.66 million at the time) over 12 years ago, but began selling off its assets in November 2024.<\/p>\n<p>The unknown market participant has disposed of 3,500 BTC at an average price of over $96,000.\u00a0According to the analytics company\u2019s estimations, the whale profited around $442 million, or a 266x return.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">A <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinOG?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinOG<\/a> with 5K <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($356M) sold another 1,000 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($71.57M) 8 hours ago.<\/p>\n<p>This OG received 5K <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>(cost $1.66M) at $332 12 years ago, and started selling <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> on Nov 26, 2024, selling a total of 3,500 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($337M) at ~$96,262.<\/p>\n<p>Total profit: $442M \u2014 a 266x return.\u2026 <a href=\"https:\/\/t.co\/oErv0KccjN\">pic.twitter.com\/oErv0KccjN<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/2034452089527828899?ref_src=twsrc%5Etfw\">March 19, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In another post on X, Lookonchain <a href=\"https:\/\/x.com\/lookonchain\/status\/2034454558500610209\">indicated<\/a> that one more BTC OG wallet, flagged as belonging to Owen Gunden, has sold 650 BTC in the past day as well. This one followed a previous big dump of 11,000 BTC, worth over $1.1 billion at the time.<\/p>\n<p>These substantial market sell-offs coincided with or even preceded bitcoin\u2019s notable price drop in the past 24 hours. The asset traded above $74,000 by yesterday afternoon, when it <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-falls-ahead-of-crucial-fed-meeting-more-volatility-incoming\/\">nosedived<\/a> to $71,000. Although it <a href=\"https:\/\/cryptopotato.com\/bitcoin-regains-momentum-as-us-fed-leaves-rates-unchanged\/\">bounced<\/a> at first after the Fed\u2019s decision to maintain the interest rates, it <a href=\"https:\/\/cryptopotato.com\/crypto-markets-tank-100b-amid-hawkish-fed-projections\/\">dropped further<\/a> in the following hours toward $70,000.<\/p>\n<h2>One Is Buying<\/h2>\n<p>It\u2019s not all doom and gloom on the bitcoin whale scene, though. The analytics resource explained that another such market participant has been buying BTC \u201cevery day since Mar 10,\u201d and splashed another $37 million yesterday to acquire over 500 units.<\/p>\n<p>The post noted that the entity has accumulated a total of 2,656 BTC at an average price of just over $72,000 since March 10, worth around $190 million as of press time.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Whale bc1qfs has been buying <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> every day since Mar 10, and bought another 500.78 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($37.16M) ~30 minutes ago.<\/p>\n<p>Since Mar 10, he has bought a total of 2,656 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($191.43M) at an average price of $72,063.<a href=\"https:\/\/t.co\/eaqtA9hwE4\">https:\/\/t.co\/eaqtA9hwE4<\/a><a href=\"https:\/\/t.co\/ZwV8QZ7eh9\">https:\/\/t.co\/ZwV8QZ7eh9<\/a> <a href=\"https:\/\/t.co\/gOTfLItqLU\">pic.twitter.com\/gOTfLItqLU<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/2034223574282850415?ref_src=twsrc%5Etfw\">March 18, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-og-whales-abandon-ship-as-btc-price-risks-dumping-below-70k\/\">Bitcoin OG Whales Abandon Ship as BTC Price Risks Dumping Below $70K<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price has nosedived once again in the past 24 hours, dropping below $71,000 for the first time since the weekend. While the blame has been placed on the US Federal Reserve, certain OG whales have been disposing of large BTC portions, which can also be attributed to the correction. OGs Selling Lookonchain reported that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-76872","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76872"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76872\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}