OG Whales Dump $271M BTC; Market Absorbs, Prices Hold
Why it matters: Long‑term holders added 88,000 BTC on April 9, cushioning the impact of $271 M whale sales and keeping Bitcoin near $70‑72K.
- Capriole Investments reports OG whales moved $271 M BTC on Sunday, the biggest outflow since Jan 10.
- Glassnode shows 30‑day net position for long‑term holders rose +88,000 BTC on April 9, reversing February’s -152,000 BTC drain.
- Cointelegraph notes total OG whale balance grew to 4.5 M BTC, indicating coins consolidating in strong hands.
- CryptoQuant analyst MorenoDV sees Sharpe Ratio at -40 and buy‑sell pressure delta moving toward neutral, suggesting a shift from capitulation to early accumulation.
OG whales off‑loaded $271 M of Bitcoin on Sunday, the largest outflow since January, but on‑chain data shows strong absorption: long‑term holders added 88,000 BTC and the total whale balance rose to 4.5 M BTC. Analysts see the market shifting from capitulation toward early accumulation, keeping Bitcoin anchored around $70‑72K.
