A Bitcoin address that has been dormant on the chain for 13 years has recently made a big move—transferring out 909 BTC, with a current market value of approximately $84.62 million. Interestingly, the cost basis of this address is ridiculously low: the price per Bitcoin when first received was less than $7. Since then, the paper profit has increased by 13,900 times. Activities of such OG addresses often attract market attention, reflecting the gains of early Bitcoin investors and also influencing market sentiment to some extent. Whether they are cashing out or have other plans, this transfer leaves plenty of room for speculation.

BTC-4.01%
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