Satoshi-era Bitcoin Whale Sells the Rest of BTC, James Wynn Opens 40X Short Position!

Jakarta, Pintu News – On Tuesday, a Bitcoin (BTC) whale from the Satoshi era has started a massive sale of BTC it owns to crypto exchanges.

Most recently, the whale has moved the remaining 40,192 BTC to a new wallet, according to the on-chain platform. It is expected that the Bitcoin whale will sell the remaining BTC to crypto exchanges, similar to the sale of 40,000 BTC to Galaxy Digital earlier this week.

Check out the full information in this article!

Bitcoin Whale Big Deals

On-chain analytics platform Lookonchain reported on July 16 that the whale had moved 40,192 BTC worth $4.77 billion to a new wallet. At the time of publishing this article, the wallet address ‘bc1qs4’ still holds the remaining BTC.

The pope will likely continue to sell his remaining Bitcoin holdings to exchanges, with the crypto market adjusting accordingly. Coinbase’s Head of Product, Conor Grogan, flagged that a BTC wallet being inactive for 14 years waking up could be indicative of a hack or compromised private keys.

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James Wynn’s Trading Strategy

Additionally, influential trader James Wynn has closed his 40x Bitcoin (BTC) long position, resulting in a profit of $368,120. He then opened a 40x Bitcoin (BTC) short position, with a liquidation price of $120,142.

This move indicates a significant change in strategy from long to short positions, which may have been triggered by selling activity by Bitcoin whales. This change in strategy also triggered selling in the crypto market, causing Bitcoin price to drop below $116,000 from ATH of $123,100.

Also read: These Top 3 Crypto are Predicted to be Bullish in 2026 According to ChatGPT

Market Reaction to Whale Activity

Bitcoin (BTC) price trimmed its previous gains and fell nearly 2%, with the price currently trading at $118,016. The 24-hour low and high were $117,284 and $120,065, respectively.

In addition, trading volumes have decreased by 18% in the last 24 hours, indicating a decline in interest among traders. These price movements show how sensitive the market is to major activity from crypto whales.

Conclusion

With big moves from Bitcoin whales and influential traders like James Wynn, the crypto market is currently experiencing a lot of turbulence. This activity not only affects the price of Bitcoin (BTC) but also the overall market sentiment. Investors and traders are expected to remain vigilant and watch for further market movements.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Bitcoin OG Whale to Sell Remaining BTC, James Wynn Opens 40x Short. Accessed on July 18, 2025
• Featured Image: Generated by AI