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An early Bitcoin holder just made a significant move on-chain.
A wallet that originally accumulated 5,000 BTC back in 2013—when Bitcoin was trading around $332 per coin—has offloaded another 500 BTC today, valued at approximately $47.7M. At the time of that initial accumulation, the entire stash was worth just $1.66M.
This is the kind of move that highlights just how dramatically the crypto landscape has shifted. Early adopters who stayed patient through multiple cycles are now strategically liquidating portions of their holdings. Whether this signals profit-taking or repositioning remains part of the ongoing market narrative that traders and analysts continue to dissect.