Winklevoss Twins Move $130 Million BTC to Gemini, Cutting Holdings 92% Since 2014

The Winklevoss twins transferred $130 million in Bitcoin (BTC) to Gemini hot wallets over one week, with blockchain analytics firm Arkham Intelligence flagging the moves as likely preparation for sale. Cameron and Tyler Winklevoss co-founded Gemini, a US-based crypto exchange, after purchasing BTC early using proceeds from their $65 million Facebook settlement. Why it matters: The transfers mark the latest step in a years-long reduction of their BTC position, from 108,000 BTC in 2014 to an estimated 8,700 BTC today. Large whale sell-offs on exchange hot wallets increase near-term BTC sell-side pressure during an already volatile market cycle Early Bitcoin holders liquidating positions can signal profit-taking near perceived cycle peaks, influencing retail sentiment Concentrated sell pressure from a single wallet cluster at $71,000 BTC tests current demand absorption at key price levels The details: Arkham Intelligence reported on March 10 that the twins sent $130 million in BTC to Gemini hot wallets since the prior week, “presumably to sell source: https://beincrypto.com/winklevoss-twins-sell-btc-gemini-whales/