BTC/USD: Bitcoin Prices Inch Closer to Record as OG Wallets Sell Into Corporate Pockets

Flippening but for Bitcoin holders? Institutions are loading up on the orange coin while the early adopters are dumping their stash.

📈 Bitcoin Inches Toward Record High

• Bitcoin was floating steady near $109,000 early Monday, creeping within just 3% of its . That’s about $2,000 away from rewriting crypto history again.
• But the price action holds a big undercurrent: early whales — what we call “diamond hands” — are shedding coins at scale, letting the OG supply flow into fresh institutional pockets.
• Roughly 500,000 BTC — worth more than $50 billion — has left long-term wallets over the past year, according to 10x Research, showing how the original holders are monetizing their decades-old faith.

💰 Corporate Buyers and ETFs Soak Up Supply

• The flip side? Institutions, family offices, and corporate treasuries are stepping up to grab that supply with both hands — a trend that’s putting a floor under Bitcoin’s price.
• Bitcoin-native and big Wall Street names, once wary of crypto, now hold around 25% of all Bitcoin in circulation, reshaping potential control of the market.
• The dynamic means breakouts often stall: whales dump on strength, big buyers scoop up on weakness — creating a sticky consolidation that traders can’t ignore.

🐋 Dormant Whales Wake Up

• Some of the biggest examples? Two legendary wallets that bought 23,377 BTC back in April 2011, when Bitcoin was worth just 78 cents, just shifted after more than a decade on ice.
• The addresses each moved 10,000 BTC — now worth over $1.1 billion apiece — within 30 minutes of each other this month, sending a clear signal that OGs are on the move.
• Despite the churn, Bitcoin’s total market cap is holding strong near $2.2 trillion, underlining how institutional conviction might — even as early believers cash out their generational moon bags.