It’s not all bad news, however, as there was at least one whale who bought heavily in the past 24 hours.
Bitcoin price fell again in the last 24 hours, falling below $71,000 for the first time since the weekend.
Although the blame has been placed on the US Federal Reserve, some OG whales have been dumping large chunks of BTC, which could also be targeted for correction.
OGs Sales
Lookonchain reported that the ancient BTC wallet sold another 1,000 units in the past day, worth about $71 million. The company received 5,000 BTC (worth about $1.66 million at the time) 12 years ago, but began selling its assets in November 2024.
An anonymous market participant dumped 3,500 BTC at an average price of $96,000. According to the analytics firm’s estimates, the whale made an estimated $442 million in profits, or a 266x return.
A #BitcoinOG with 5k $BTC($356M) sold another 1,000 $BTC($71.57M) 8 hours ago.
This OG got 5K $BTC(worth $1.66M) for $332 12 years ago, and it started selling $BTC on Nov 26, 2024, selling a total of 3,500 $BTC($337M) for ~$96,262.
Net profit: $442M — a 266x return.… pic.twitter.com/oErv0KccjN
– Lookonchain (@lookonchain) March 19, 2026
In another post on X, Lookonchain showed that another BTC OG wallet, flagged as belonging to Owen Gunden, sold 650 BTC the previous day. This one followed the previous big dump of 11,000 BTC, worth over $1.1 billion at the time.
This massive market selloff coincided with or even preceded bitcoin’s significant price drop in the past 24 hours. The stock traded above $74,000 yesterday afternoon, before dropping to $71,000. Although it jumped initially after the Fed’s decision to keep interest rates on hold, it fell sharply in the following hours to $70,000.
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Someone Buys
It’s not all doom and gloom in the bitcoin whale scene, however. The analytics service explained that one such market participant has been buying BTC “every day since Mar 10,” and spent another $37 million yesterday to acquire more than 500 units.
The post noted that the company has amassed a total of 2,656 BTC at an average price of just over $72,000 as of March 10, worth about $190 million as of press time.
Whale bc1qfs has been shopping $BTC every day since Mar 10, and bought another 500.78 $BTC($37.16M) ~30 minutes ago.
As of March 10, he has bought a total of 2,656 $BTC($191.43M) for an average price of $72,063. pic.twitter.com/gOTfLItqLU
– Lookonchain (@lookonchain) March 18, 2026
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