Oh dear, oh dear! It seems that Bitcoin‘s price has taken a rather unfortunate tumble, plummeting below $71,000 like a clumsy elephant on roller skates. Yes, indeed, it’s a sight to behold, and not the kind you want to see while munching on your favorite chocolate bar!
Now, who do we point our fingers at? The US Federal Reserve, of course! Those jolly folks are always good for a bit of blame. But wait! There are some ancient OG whales throwing their hefty BTC portions overboard as well. Talk about a mass exodus!
OGs Selling
Lookonchain, the gossip queen of the crypto world, has revealed that one particularly ancient wallet has sold off another 1,000 units just yesterday-worth a staggering $71 million! Can you believe it? This mysterious entity, who has been hoarding 5,000 BTC like a dragon with its gold, originally snagged them for a mere $1.66 million ages ago. But lo and behold, it started shedding its treasures like a snake sheds its skin back in November 2024.
This unknown market participant, or shall we say, the “Crypto Dragon,” has now offloaded 3,500 BTC at an average price of over $96,000. With a profit of around $442 million, that’s a dazzling 266 times return! If only my chocolate factory could manage such returns…
A #BitcoinOG with 5K $BTC($356M) sold another 1,000 $BTC($71.57M) 8 hours ago.
This OG received 5K $BTC(cost $1.66M) at $332 12 years ago, and started selling $BTC on Nov 26, 2024, selling a total of 3,500 $BTC($337M) at ~$96,262.
Total profit: $442M – a 266x return.…
– Lookonchain (@lookonchain) March 19, 2026
But hold on to your hats, folks! Another crafty BTC OG, known by the whimsical name of Owen Gunden, has also jumped onto the selling bandwagon, dumping 650 BTC in one swift motion. This little escapade comes hot on the heels of a previous grand dump of 11,000 BTC, worth over $1.1 billion! Goodness gracious, what’s next-a fire sale?
All this hullabaloo coincided with Bitcoin’s dramatic descent. Just yesterday afternoon, it was lounging comfortably above $74,000, before unexpectedly diving down to $71,000. A bit like a cat who suddenly decides it doesn’t want to be petted anymore! It bounced up briefly after the Fed decided to keep interest rates steady but then flopped down again like a pancake on a Sunday morning.
One Is Buying
This mysterious buyer has accumulated a total of 2,656 BTC at an average price of just over $72,000 since March 10, making a grand total worth approximately $190 million! Maybe they’ve got a secret stash of golden eggs hidden away somewhere!
Whale bc1qfs has been buying $BTC every day since Mar 10, and bought another 500.78 $BTC($37.16M) ~30 minutes ago.
Since Mar 10, he has bought a total of 2,656 $BTC($191.43M) at an average price of $72,063.
– Lookonchain (@lookonchain) March 18, 2026
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2026-03-19 10:05