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I just saw that Owen Gunden is still moving BTC in huge amounts. Recently, he liquidated another 650 bitcoins for about $46 million, according to Lookonchain data. It's interesting because this movement is part of a larger trend that Gunden has been following for some time.
If we add up everything he has sold, Owen Gunden has already offloaded around 11,000 BTC in total, which amounts to over a billion dollars. The most recent transaction was just 10 hours ago, so clearly Gunden is still following his liquidation strategy. With BTC's price around $78,980 right now, these movements are causing quite a bit of noise in the market.
We don't know exactly what Gunden's plan is with all this, but it's definitely the kind of activity that traders keep a close eye on. When someone with that track record in Bitcoin starts selling in such volumes, there's always something to watch.