Long-term Bitcoin investors, known as OGs, have reduced their selling activity to the lowest levels since late 2024, signaling a potential stabilization in the cryptocurrency's market price.

Key Points

• The 90-day moving average of Bitcoin spent by long-term holders has dropped to 962 BTC.
• This decline marks the lowest level of selling activity from five-year holders since November 2024.
• Previous sell-offs by these investors reached peaks of over 142,000 BTC in a single day during 2024 and 2025.
• Analysts suggest the current price of approximately $63,000 may represent a break-even point for many long-term holders.
• Easing sell-side pressure from OGs and slowing outflows from spot Bitcoin ETFs are contributing to a potential structural price floor.

Why it Matters

The reduction in selling pressure from long-term holders suggests that the market may be finding a stable foundation after a period of intense profit-taking. This shift in investor behavior could limit downward volatility and provide the necessary conditions for a potential recovery in Bitcoin's valuation.