Bitcoin Falls Toward $86,000 as Early Holder Sells $1.3 Billion Position Amid TD Sequential Sell Signal

Bitcoin declined into the mid-$86,000 range after early holder Owen Gunden completed the sale of his entire 11,000 BTC position worth $1.3 billion, according to Arkham Intelligence. The distribution began in late October and concluded with a final transfer to Kraken 14 hours ago. A TD Sequential "9" sell signal appeared on the two-month chart, a technical indicator that preceded prior corrections of 78% and 32%.