Bitcoin OG Sells 60% of BTC Holdings After $760M CEX Deposit

GateNews

2026-02-21 02:29:01

BTC-2,07%

Gate News bot message, a Bitcoin OG holder (10/11) has sold approximately 60% of their BTC holdings. Seven newly created wallets withdrew $464.48M USDT from centralized exchanges after the OG deposited 11,318 BTC ($760.61M) into CEX. According to Onchain Lens, the holder made deposits in batches, with the latest being 6,318 BTC worth $424.86M. Around $296M worth of BTC remains on CEX and further withdrawals are expected.

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.

Data shows: You need to hold Bitcoin for at least three years to avoid losses

bitcoin news Market Analysis

Bitwise analysis shows that the probability of holding Bitcoin for over three years and incurring a loss is only 0.7%, dropping to 0.2% for five years, and 0% for ten years. Currently, the market price of $65,000 is above the realized prices for 3-5 years, despite the higher short-term holder risk of loss.

GateNews8m ago

Segregated Witness (SegWit) Explained: Upgrade That Redefined Bitcoin for Mass Adoption

bitcoin news

Segregated Witness (SegWit) is a Bitcoin upgrade that separates signature data from transaction data to increase block capacity, lower fees, and improve transaction speed. It is considered one of the key upgrades ever unveiled to the Bitcoin ($BTC) ecosystem. Developed to enhance scalability, fix cr

BlockChainReporter21m ago

BTC breaks through 65,000 USDT

bitcoin news Price Volatility

Gate News bot message, Gate market display, BTC breaks through 65,000 USDT, current price 65,015.1 USDT.

CryptoRadar32m ago

Bitcoin Whale Surge Signals March Volatility

bitcoin news Market Analysis

Bitcoin nears 20,000 whale wallets as large holders quietly accumulate during price weakness, hinting at a potential recovery phase. Santiment flags rising $100K+ crypto transfers, warning that sudden whale spikes often signal sharp market reversals ahead. March 1 Clarity Act talks and wh

CryptoFrontNews35m ago

Comment

0/400

CryptoLens

· 02-21 03:54

then we can see short term drop

Reply0