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Whale Owen Gunden Completes 11,000 BTC Sale; Machi Huang Faces Second ETH Long Liquidation

Bitcoin whale Owen Gunden deposited his final 2,499 BTC ($228 million) into Kraken on Nov. 20, completing a month-long sale of over 11,000 BTC, Hyperinsight data show. Separately, Machi Huang increased his 25x leveraged ETH long position to $11.5 million (entry at $3,002, liquidation at $2,936) after 775 ETH (20% of holdings) was liquidated the prior evening. A whale address (0x9ee...1daAb) that gained $39.88 million from seven shorts since the Oct. 11 crash is now down $19 million on combined long positions in ETH ($184 million at $3,219 entry, down $11.6 million) and XRP ($94 million at $2.29 entry, down $7.4 million). SharpLink addresses transferred 10,975 ETH ($33.54 million) to Galaxy Digital OTC wallets starting early Nov. 19, with an additional 5,533 ETH ($16.52 million) moved on Nov. 20.
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