Pre-2018 Bitcoin Holders Execute $100M–$500M On-Chain Transfers

Bitcoin addresses holding coins for over seven years are moving significant amounts on-chain, with transactions ranging from $100 million to $500 million, Capriole Investments founder Charles Edwards said. On-chain data track wallet activity of holders who acquired Bitcoin before 2018, showing orange markers for $100 million-level sales and red markers for $500 million distributions. Edwards noted that 2025 charts display unusually dense color patterns, indicating heightened liquidation activity among these early adopters.