A wallet holding over 80,000 BTC, dormant for more than 14 years, has now sold approximately 20,000 BTC. The sales began through OTC and continued with transfers to CEX.
While some initially interpreted the movements as security related or part of a restructuring process, the timing close to ATH and the structured nature of the transactions suggest a more strategic liquidation.
A comparable case occurred in 2024 with the reactivation of the Mt. Gox wallets. That event was followed by a 31% market correction, and it took over six months for Bitcoin to recover to its previous price level.
So far, only a portion of the holdings has been sold. Whether the outcome will be similar this time remains uncertain, but the parallels are worth noting.
Written by OnChainSchool
