Dormant BTC OG moves 2,931 coins worth $188M after 7 years
The wallet acquired the stash at $6,513 per BTC in 2018 and hadn't touched it since, making this one of the larger long-dormant profit-taking events of the cycle.
Every Zipp story tagged #LongTermHolder, newest first.
The wallet acquired the stash at $6,513 per BTC in 2018 and hadn't touched it since, making this one of the larger long-dormant profit-taking events of the cycle.
A single, named long-term holder capitulating at a seven-figure loss is a distribution tell, not a price story — when OGs start selling cost basis, the marginal buyer shifts.
A wallet untouched since 2013 just shifted $40.62M worth of $BTC — the move lands while long-term holder supply is already at multi-year lows, raising the question of whether more vintage coins are…