October proved to be "Downtober" for the crypto market as Bitcoin's (BTC) price declined from north of $126,000 to as low as $105,000. November hasn't brought any respite so far as BTC trades only a little above $104,000.
Amid such volatile market conditions, a mysterious crypto trader sprang back to action after a span of 14 years to cash out $1 billion.
According to the popular crypto analyst Ted Pillows, a crypto whale had purchased 10,000 BTC for $1.54 each and sold it for $1 billion on Oct. 4.
"Imagine checking your wallet after 14 years and seeing nine zeros that is wild," a crypto user wrote on X . Another user remarked , "Someone just made more than most countries' annual budgets with a single decision."
However, a few users expressed concern that the whale's decision to sell BTC could lead to market dips and more whale selling . Ted agreed the timing couldn't be worse for sentiment and its domino effect could lead to more whale selling of BTC.
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Bitcoin price in 2025
Though Bitcoin has witnessed a drastic decline of 15% over the last 30 days, it's still up more than 10% since Jan. 1, 2025.
Similar to October, even November has so far entrapped Bitcoin in the red zone during four out of the last 15 years. So, it is quite likely that even this month will offer no relief to crypto traders.
Michael Saylor, the founder of the largest Bitcoin treasury Strategy (Nasdaq: MSTR), predicted last week that the king coin could hit $150,000 by the end of the year.
"Our expectation right now is about $150,000 by the end of this year," he said during the CNBC interview.
"I don't know why it won't grind up to a million dollars a coin over the next four to eight years. Of course, my long-term forecast is that it goes up about 30% a year for the next 20 years and we're headed toward $20 million per Bitcoin."
BTC was exchanging hands at $104,026.85 at the time of writing, down 3.5% in the last 24 hours.
This story was originally reported by TheStreet on Nov 4, 2025, where it first appeared in the Business News section. Add TheStreet as a Preferred Source by clicking here.
