In those recent fateful days, Bitcoin, like an unbalanced magician in a feeble act, struggled viciously beneath the scale weighing it above and below the $100,000 mark.
The atmosphere buzzed with tension as if air itself was afraid of settling. Large, ominous shadows-whales of the market, so to speak-cast a pall over investors, causing the entire sentiment to tremble like an inebriated leaf in the wind. On-chain data, in its unwavering truthfulness, revealed great movements of these whales, adding hue of doom to what was already a concerning canvas.
Amongst the high-profile mere mortals, figures such as the ever-recurring Winklevoss Twins, whose twinsomeness is only rivaled by their Gemini wallets, stood as principal orchestrators in this unsettling overture. And, why not, the wizened and early miner, Owen Gunden, a forefather turned modern trader, also found himself unwittingly adding to the cacophony.
The Winklevoss Charades: A Deliberate Bitcoin Ballet
Yielding to the dance, wallets whispering the names Winklevoss Capital and Gemini Custody moved Bitcoins-with a pomp no less dramatic than a pageant-over many unforgiving moons. Recent times saw a particular transaction, sumptuous in its modesty, of 250 BTC breezing through the ethereal reaches, swaying in their wallets, locked in transit to hot greeneries of the Gemini garden.
If such shuffle implies departure-sales-then, dear reader, it depicts a disciplined, stoic journey of the Twins, tempering their vast horde little by little rather than a sudden exodus. Since the dawn of 2025, over 9,000 BTC fluttered away from their grasp, a descent from the heights of 24,000 BTC to a lesser, yet still gigantic denouement of 16,000 BTC.
Owen Gunden’s Last Dance: A Diminuendo to Oblivion
Another wallet, as if scripted by a peculiar playwright, reveals the saga of Owen Gunden, a miner of yore, now an unwitting conductor of Bitcoin’s dwindling overture. Recent transactions flaunted a grand 3,549 BTC-a prodigious sum-just eight jaunty hours past. Earlier duets in the week maintained this grand theme: 3,601 BTC had formerly found new embrace the day prior.
Alas, from the vast reserves of 11,000 BTC, he is now cradling a mere handful-the wallet, nearly depleted, its contents phasing into the spectral realm of exchanges like Kraken, as it awaits the inevitable curtain call of liquidation.
The grand theater of November thus unfolded: notable sell-offs by the Winklevosses, Gunden, and countless others-an ensemble performance that kept Bitcoin in a dramatic state of abstraction. Meanwhile, the famous US-based Spot Bitcoin ETFs have also been pronouncing their withdrawal soliloquy-one Friday alone amassing a departure of $558.44 million.
Yet, despite what appeared a prelude to doom, Saturday and Sunday embraced a cheerful reprieve, an unconfirmed, Green Weekend! At this introspective hour, Bitcoin, caught in cameo, trades at $106,270, absorbed in a resplendent 4.4% rise of the past day. As regular as a chorus line, these Green Weekends have introduced weeks only to see their fortunes abruptly reversed come Monday.
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2025-11-10 13:37