The OG who accumulated 5,000 bitcoins at a low price in 2013 continues to sell, transferring another 500 coins to Binance yesterday.
This news is the most important historical textbook of today. $BTC
Arkham detected that an OG who bought 5,000 BTC at an average price of $332 in 2013 transferred another 500 BTC to Binance yesterday. A week ago, he had already transferred 1,000 coins. This 'living fossil' is gradually exiting the market.
Brothers, with a cost of $330, it has reached $68,000 now. A 200-fold return over 13 years. This is not trading; this is the realization of faith.
Three points to break it down for you:
First, why sell now? It’s not because he thinks it has peaked, but because he has his own asset allocation needs. Holding for 13 years, going through countless bull and bear markets, his selling logic has never been about 'guessing the peak,' but rather liquidity management, risk diversification, or changes in life stages. We have tracked Mara selling coins to buy bonds, Grayscale adjusting their positions, and whales withdrawing coins, all pointing to the same logic: the actions of large funds focus on assets and liabilities, not on the highs and lows of candlestick charts.
Second, how large is the scale of the sale? 500 coins, approximately 34 million dollars. Thirteen years ago, that was a huge amount; today, it’s just a few minutes of trading volume on Binance. More importantly, he chose to sell in batches—1,000 coins last week, 500 this week. What does this indicate? It indicates that he does not want to impact the market. If he were truly bearish, he would have dumped 5,000 coins at once, and the market would have collapsed by now. But he didn’t.
Third, who will take over? Today, there are still whales withdrawing coins, ETFs flowing in, and market makers supporting. The selling pressure is apparent, while the buying pressure is subdued. This OG sold 1,500 coins, and the price remains firmly above $68,000. Why? Because there are larger hands taking over. Mara sold 15,000 coins, and the market absorbed it; NYDIG sold 4,500 coins, and the market absorbed that as well. 1,500 coins are just a ripple.
The current signal is very clear: the OG is realizing faith, and institutions are absorbing chips.
For those holding BTC, hold steady. For those who haven’t boarded yet, BTC around $68,000 is your last chance to get on. Wait for this batch of historical chips to be digested, and for the panic selling to be cleaned up.
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