Bitcoin 'OG' Sells After 12 Years, Locking in 31,250% Profit

Core Insights - A Bitcoin whale, inactive for over a decade, has sold half of its Bitcoin holdings, achieving a profit of 31,250% [1][5] Group 1: Bitcoin Whale Activity - The wallet known as "5K BTC OG" began selling its Bitcoin, originally acquired in 2012 for $332 per Bitcoin, and has sold 2,500 BTC for approximately $265 million at an average exit price of $106,164 [2][5] - An additional 500 BTC was moved to Binance, valued at $47.77 million, indicating a systematic selling pattern with multiple transactions over the past five months [3][6] - The wallet still holds 2,500 BTC, worth about $237.5 million, which may be sold in the future [4] Group 2: Market Implications - The total profits from the sales now exceed $500 million, marking this as one of the most profitable exits in Bitcoin history [5] - The significant selling activity from long-dormant holders could potentially depress Bitcoin's price, especially as it approaches a dense resistance zone near $100,000 [5][6] - The activation of these long-held coins has created unease among traders, as half of the original holdings have already been sold [6]