Charles Edwards, founder of Capriole Investments, reports that early Bitcoin whales are cashing out, with wallets holding BTC for over seven years selling off large amounts. These wallets, which entered the market before 2018, are now offloading significant quantities of Bitcoin. Monitoring charts highlight sales of $100 million in orange and $500 million in red, with 2025 showing a dense concentration of these large transactions, indicating a major exit by historical addresses.