Bitcoin's recent sky-high rally got some OG miners hitting the sell button, big time. As BTC flirted with record highs, hitting around $69K before taking a dive to $62K, these old-school miners were spotted moving their decade-old stash to Coinbase, likely gearing up to cash out.

This ain't the first rodeo where we've seen miners dump their coins following a price peak. It's like a flashback to March 2020 when Bitcoin took a nosedive as the world went into lockdown mode. Miners played a part in that price drama too.

So, what's the lowdown? These Bitcoin OGs are seizing the moment, cashing in on their long-held coins as BTC tests new heights. Their moves are worth eyeballing 'cause when they decide to unload, it can sway the market big time.

CryptoQuant peeped this move, noting that about 1,000 BTC got shifted, which is no small change. We're talking about $69 million worth of Bitcoin. In a market that's not exactly swimming in liquidity, such a hefty sell-off can really shake things up, pushing prices down.