$500 Million Bitcoin Whale Awakens After 12 Years, Dumps Millions With 31,250% Profit
Analysis
Price Impact
HighThe awakening of a long-dormant whale that accumulated btc when it was $332 and is now selling over 5,000 btc (half already sold, half still held) represents significant selling pressure. this influx of supply, especially near the psychological resistance of $100,000, can absorb demand and potentially push the price downwards.
Trustworthiness
HighThe information is sourced from reputable on-chain analytics firms like arkham and lookonchain, detailing specific wallet activity, transaction amounts, and dates.
Price Direction
BearishThe systematic selling of 2,500 btc over five months, with another 2,500 btc still held, indicates a sustained distribution event. this consistent sell-side pressure from a large, 'legacy' holder can outweigh buying interest and lead to a price correction or consolidation, particularly if remaining coins hit the market.
Time Effect
ShortThe selling has been ongoing for five months and the remaining 2,500 btc could be offloaded in a similar timeframe, indicating an immediate to near-term effect on price dynamics.
Original Article:
Article Content:
Cover image via www.freepik.com Read U.TODAY on Google News A long-dormant Bitcoin whale has emerged from the shadows and begun selling. The wallet, tagged by Arkham as "5K BTC OG," originally received 5,000 BTC in 2012 when the price was just $332, totaling only $1.66 million. Today, that stash is worth nearly half a billion dollars, and the entity has already cashed out half of it. Advertisement According to data from Lookonchain and Arkham, the wallet began offloading Dec. 4, 2024. Since then, it has sold 2,500 BTC in multiple transactions, earning about $265 million at an average exit price of $106,164. Just hours ago, an additional 500 BTC was sent to Binance, valued at $47.77 million. This marks the latest wave of exits from this 12-year-old holder. HOT Stories Elizabeth Warren Warns Americans Could 'Lose Big' With Crypto U.Today Crypto Market Review: Fake Bitcoin (BTC) Breakthrough; Shiba Inu (SHIB): Third Time's a Charm; XRP: 3 Price Waves U.Today Crypto Digest: Shiba Inu (SHIB) Has Chance for Recovery, Dogecoin (DOGE) Price Eyes 22% Rebound, XRP Bull Run Imminent, According to Bollinger Bands Samourai Bitcoin to Stay in Strategic Reserve Source: Arkham The selling behavior appears organized and calculated. Rather than fully liquidating, the OG has moved 250-500 BTC per deposit, spreading the outflows across at least 10 Binance-bound transactions over five months. Advertisement These moves suggest an intent to blend into greater liquidity zones to avoid high slippage and automated market maker detection. Story is not over The wallet still holds 2,500 BTC, valued at $237.5 million, which could hit the market next. With Bitcoin's price just below $100,000, a substantial dump of this size from legacy holders could push the market down further into an already congested resistance zone. You Might Also Like Sat, 01/17/2026 - 15:50 Metaplanet CEO Speaks on Why Most Companies Ignore Bitcoin By Caroline Amosun Advertisement The OG’s total profits now exceed $500 million, making this one of the most successful HODL-to-exit arcs in Bitcoin history . While long-term believers applaud the "diamond hands," many traders are nervous. These coins have been inactive since the early post-Satoshi era, but now they are active and liquid. Half of them are already gone. Will the next 500 BTC drop coincide with a rejection at $100K — or will it be absorbed fully at once? #Bitcoin News #Bitcoin