EasyA Founder Raises Key Question as Satoshi-Era Bitcoin Whale Liquidates Entire 11K BTC Holdings

Dom Kwok, founder of the Web3 education platform EasyA, has expressed curiosity regarding a Satoshi-era Bitcoin investor who has liquidated his entire BTC holdings. 

Investors have remained cautious as Bitcoin extends its downtrend. Amid the persistent decline, many holders have resorted to panic selling in an effort to limit their losses.

Satoshi-Era Bitcoin Whale Finalizes 11K Bitcoin Sale

Blockchain analytics firm Arkham Intelligence revealed that Owen Gunden, an early Bitcoin holder who has been holding BTC since 2011, has fully liquidated his entire Bitcoin position.

According to the report, Gunden began liquidating his Bitcoin holdings last month and completed the final phase of the sell-off yesterday. In his final sale, the Bitcoin OG transferred approximately 2,500 BTC, worth around $230 million at the time, to the Kraken exchange.

Sending assets to exchanges typically signals an intention to sell. In this final sale, Arkham Intelligence noted that Gunden has offloaded roughly 11,000 BTC since October at around $1.3 billion.

“What Does He Know?”

The development has attracted widespread attention across the crypto community. Kwok echoed the thoughts of many observers: “What does he know?”

The comment highlights the curiosity surrounding why a long-term Bitcoin holder would suddenly liquidate his entire position after more than a decade of holding.

what does he know? https://t.co/mhCWV9qWqP

— Dom Kwok | EasyA (@dom_kwok) November 21, 2025

Meanwhile, several X users speculated about potential motives, including the possibility that Gunden may have insight into upcoming market conditions, such as a major downturn. The sale coincided with heightened market volatility, as Bitcoin’s price fell below $81,000 today for the first time since April 2025.

CoinMarketCap data shows Bitcoin fell to $80,659 earlier today, prompting the liquidation of more than $2 billion in leveraged crypto positions. Bitcoin has rebounded ever since, currently changing hands above $84,000. Despite the recovery, the premier cryptocurrency has slumped by 8.22% over the past day and 22.23% in the past week.

While Gunden’s sale has sparked concern, reports indicate other major investors have been aggressively accumulating Bitcoin. Just yesterday, a previously inactive address reemerged after two months, withdrawing over 500 BTC from Binance.