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Satoshi-era wallet moves 2,650 BTC to OTC desks amid growing sell pressure

Market News
25 May 2026
Crypto Briefing
View Source
Neutral
pluang ai news

A Bitcoin wallet linked to mining rewards from 2009-2010 transferred 2,650 BTC worth about $203 million to institutional OTC desks FalconX and Cumberland. This move signals increased activity from long-term holders as US Bitcoin ETFs have seen over $1.5 billion in outflows since early May. The wallet still holds around 6,000 BTC valued at $462 million, which could indicate further selling if moved similarly. These patterns suggest early miners may be systematically reducing their Bitcoin holdings amid current market conditions.

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