Bitcoin Old-Timers Keep Flipping Coins – Is the ($) Myth Bust?

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If you reckon folks who’ve been around since Bitcoin‘s infancy might have a touch of cabin fever, you’re onto something. According to the fine folks over at Onchain Lens, an old-timer (or OG, as the kids call ’em these days) laid down a hefty 200 Bitcoins-worth a cool $22.32 million-straight into Kraken’s coffers. I swear, looks like somebody’s trying to buy a small island or perhaps just make sure their grandkids won’t have to work a day in their life. These ancient whales, bless their salty hearts, have dumped around 627 million bucks worth of Bitcoin in but two weeks. That’s enough to make a man wonder if they’re running out of patience-or just itching to cash their chips and head to the nearest tavern. 🍻

It’s no secret: the old-timers’ selling spree is causing quite a ruckus-imagine a bunch of wise old codgers throwing their coins into the wind and shouting, “Now’s the time, boys!” Recent data from Glassnode shows they’ve offloaded a staggering 300,000 BTC just in a few months. Seems like these seasoned coin-tossers are plotting their escape before the storm hits. Speaking of the storm, the $100,000 mark is shaping up to be the psychological tipping point. That’s when a good many of these OGs might finally decide to pocket their gains, having held on, sometimes through storms and tempests, for years. It’s like that old advice about sitting on your gold-until you’re ready to go fishing for something better.

Bitcoin’s Mild Recovery-Yawn or Yodel?

Meanwhile, according to CoinGecko, Bitcoin’s lounging at around $112,519. That’s a 5% bump over the past week, which, in the world of crypto, is about as exciting as watching paint dry on a hot day. The coin’s got four straight green candles on the chart-a sight as rare as a snowstorm in July-so maybe, just maybe, the tide is turning. All this after the US and China shook hands on a few trade issues. Seems like the world’s biggest economies playing nice is giving our digital gold a tiny lift. The recent brouhaha in trade talks threw a big old wrench into the works, much like a barn door flying open during a thunderstorm at a picnic. 🤠

Now, if the bulls can muster up a little gumption, October might prove to be the first green month for Bitcoin since 2018. But let’s not get our hopes up too high-it’s still down 10.8% from that grand $126,080 peak in early October. So, whether this is a lull or just a good ol’ fashioned rollercoaster ride, only time will tell. Hang on tight, partner-this ain’t over yet!

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2025-10-26 13:13