2021-04-14 UTC

Coinbase direct listing — peak OG selling

Coinbase goes public on NASDAQ. Major on-chain distribution from ancient coins peaks the same week. Bitcoin tops at ~$64K the next day before a multi-month drawdown.
cdd spike ★ featured
34,269,224.00
BTC·days
2.86
z-score vs baseline

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ChainQuery.com event: Coinbase direct listing — peak OG selling (2021-04-14). chainquery.com/events/2021-04-14-coinbase-ipo-day

Comparable events

2017-12-17
Bitcoin ATH at $19,783 — long-term holders distribute
Top of the 2017 cycle. CDD lands in the elevated band as years-dormant coins move to exchanges. A textbook OG-holder distribution pattern at a market top.
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