According to @lookonchain, a long-term Bitcoin holder, often referred to as a Bitcoin OG, transferred 306 BTC valued at $35.37 million after 12 years of inactivity. This BTC was originally acquired when the price was just $77, representing a massive 1,493x return. Such significant movement of dormant Bitcoin can influence market liquidity and may signal increased selling pressure if these coins are sent to exchanges, making it a key event for traders to monitor for potential BTC price volatility. Source: @lookonchain

According to @lookonchain, a long-term Bitcoin holder transferred 343 BTC (valued at $40.52 million) after 12 years of inactivity, with 130.77 BTC ($15.45 million) deposited to Kraken. The original 343 BTC was acquired when BTC traded at $86, representing a 1,368x return (source: @lookonchain). Such significant movement of dormant coins to an exchange like Kraken may indicate potential sell-side pressure or heightened volatility for BTC traders.