On the evening of March 18, 2026, two major Bitcoin holders made large sales that negatively impacted the cryptocurrency’s value. One of them, a holder of a significant amount of BTC, sold 1000 coins acquired back in 2013 for approximately $71.6 million. Another investor, Owen Ganden, sold 650 BTC for $46.3 million.
This is reported by Business • Media
Details of the Large Bitcoin Whale’s Sale
According to experts, an unknown investor purchased 5000 BTC back in November 2013 at a price of $332 per coin. Starting from November 2024, he has been gradually selling his assets. The latest transactions were recorded in January 2026 (500 BTC) and in August 2025 (1000 BTC). During this period, he transferred a total of 3500 BTC to the Binance exchange, receiving about $332 million for them, with an average selling price of $94,786. The net profit from these operations reached approximately $330 million. According to Arkham Intelligence, this investor still holds 1500 BTC in his wallet.
“◎ He purchased 5000 BTC for $332 in November 2013, and starting from November 2024, he began selling his assets. Now, he has transferred 3500 coins ($332 million) to Binance, with an average selling price of about $94,786, resulting in a net profit of $330 million. There are still 1500 BTC remaining in the wallet.”
Market Impact: Price Drop and Subsequent Recovery
The sales occurred against the backdrop of a market recovery, just before or immediately after the announcement of the U.S. Federal Reserve’s interest rate decision. Prior to this, Bitcoin had been showing growth due to an influx of investments into cryptocurrency exchange-traded funds. However, on the evening of March 18, amidst whale activity, the BTC price dropped below $70,000, although it later partially recovered.
Additionally, according to Lookonchain, on the same day, Owen Ganden sold 650 BTC, which may have also contributed to market pressure. It is known that since the second half of 2025, he has sold over 11,000 BTC, effectively liquidating a significant portion of his crypto portfolio.
Thus, the actions of large investors have significantly influenced the dynamics of Bitcoin’s price ahead of important macroeconomic decisions.