💰 2025 HAS BEEN THE YEAR OF "THE GREAT REDISTRIBUTION."
🐳 Long-term HODLers, including Satoshi-era whales who have held since 2010-2011, unleashed massive sales this year, as
$BTC soared past new highs.
The blockbuster: A mysterious Satoshi-era investor offloaded ~80,000
$BTC worth over $9 billion via Galaxy Digital in July—one of the largest single Bitcoin transactions ever. This whale had held for 14 years, turning a tiny early investment into billions.
📉 Selling waves hit hard:
🔸 First, after
$BTC crossed $100K in late 2024/early 2025
🔸 Resumed in July (that $9B dump at ~$108K)
🔸 Again in November
Result? BTC peaked at ~$126,000 in early October, then pulled back over 30% to current levels around $87,500 (as of Dec 27, 2025).
Yet no full crash—why? Spot ETFs and corporate treasuries (like Strategy) absorbed billions in supply, balancing demand.
📊 CryptoQuant's J.A. Maartunn: Old-guard Bitcoin flowing to new institutional hands in waves. CEO Ki Young Ju adds: Traditional 4-year cycles may not apply anymore, thanks to new liquidity from ETFs and treasuries.
Could this healthy handover fuel 2026 highs? 🚀
