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Early Bitcoin Holder Completes $435M BTC Sell-Off After 12-Year Hold

AI Market Summary
On-chain data indicate a long-dormant "Bitcoin OG" fully exited a 5,000 BTC position accumulated ~12 years ago, with the final 1,000 BTC sold for ~$65.6M, totaling ~$435.8M realized. A complete distribution from an early holder can add near-term spot supply and weigh on sentiment, while also reducing future overhang once absorbed, shifting focus to broader flow and liquidity conditions.
Impact level
● Medium
Affected assets
BTC/USDT+1.43%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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An early Bitcoin investor has sold the remaining 1,000 BTC from a wallet that had held 5,000 BTC for more than 12 years, according to Lookonchain. The final transaction, valued at about $65.56 million, marks the completion of a full exit that began in November 2024. Onchain data show the wallet originally received 5,000 BTC at an estimated cost of roughly $1.66 million, when Bitcoin traded near $332. The entire stake was ultimately liquidated for approximately $435.75 million, implying an average sale price of about $87,151 per BTC.
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