Hupzy (Spot On Chain)|8ๆ 28, 2026 17:41
500 BTC ($๐ฏ๐ต.๐ฑ๐ฒ๐ ) from Irish drug dealer Clifton Collins' dormant stash confirmed transferred to ๐๐ผ๐ถ๐ป๐ฏ๐ฎ๐๐ฒ ๐ฃ๐ฟ๐ถ๐บ๐ฒ. Collins bought 6,000 BTC before 2012, was jailed in 2017, and his wallet keys were believed lost when his landlord sent his belongings to a dump.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: The destination confirmation upgrades this from ambiguous to active sell pressure. 500 BTC hitting Coinbase Prime from a wallet dormant since pre-2012 adds to the near-term sell overhang โ especially alongside Lazarus Group's 244 BTC transfer earlier today. Watch whether the remaining 5,500 BTC from Collins' stash follow.
BTC already under pressure after $200M in long liquidations post-Jackson Hole. An additional $39.56M in potential spot selling compounds the bearish setup near $79,200.
https://arkm.com/explorer/entity/clifton-collins
source: lookonchain
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