Bitcoin’s selling pressure among its longest‑term holders has eased, according to the latest CryptoQuant data, indicating that “OG” investors are becoming more reluctant to liquidate their positions.
Decline in OG Selling Activity
CryptoQuant reports that the volume of Bitcoin sold by holders who have kept the asset for more than five years has dropped to its lowest point since the end of 2024. The metric, which tracks the average weekly outflow from these long‑term wallets, now sits at 962 BTC, a figure that falls below the 1,000 BTC threshold for the first time since November.
Historical Selling Peaks
During previous market rallies, OGs historically off‑loaded sizable chunks of Bitcoin, with single‑event dumps of roughly 10,000 BTC, 30,000 BTC, and even 142,000 BTC recorded. Those spikes reflected aggressive profit‑taking, but the current subdued outflow suggests a shift toward a more patient holding strategy.
Implications for the Crypto Market
The reduction in large‑scale distribution from veteran investors may relieve downward pressure on Bitcoin’s price, potentially setting the stage for a significant market move. As investors watch the OG sentiment stabilize, the broader crypto community could interpret the trend as a sign of renewed confidence in the asset’s long‑term prospects.