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Bitcoin OG Selling Slows, a Positive Sign for the Market

Bitcoin OGs are selling less, which is easing selling pressure and could help stabilize the market. Read on for the possible impact on price.

By Zenz van der Wielen
• 1 min read
Bitcoin OG Selling Slows, a Positive Sign for the Market

Key Takeaways

  • Bitcoin OGs who have held their coins for at least five years have sharply cut back on selling.
  • The 90-day average of Bitcoin sold by these long-term holders fell to 962 BTC, the lowest level since late 2024.
  • Outflows from spot ETFs also slowed in recent weeks, which the article says is a positive sign for the market.

Legendary Bitcoin investors, also known as "OGs," who have held their coins for at least five years, have significantly reduced their selling activity. According to CryptoQuant data, the 90-day moving average of Bitcoin sold by these long-term holders (LTHs) has dropped to just 962 BTC, the lowest level since late 2024.

Mapping OG Investor Selling Patterns

These OGs were actually very active sellers during the bull market that started in 2023. In 2024 especially, when Bitcoin was trading above $100,000 (€87,800), there were big waves of selling. Every price jump led to heavy selling from these holders, with spikes in May 2024, February 2025, and September 2025. This was measured using spent transaction outputs (STXO), an indicator that tracks Bitcoin movements on the blockchain. When an OG moves coins after five years, it usually points to profit-taking or liquidation.

Falling Selling Pressure and What It Means for the Market

Right now, Bitcoin is trading around $63,000 (€55,300), which analysts say could be the break-even point for the most expensive coins bought by this group. By holding at this level, OGs are easing the selling pressure that last year still kept the price above $100,000 (€87,800) in check. At the same time, outflow numbers from spot ETFs have also slowed in recent weeks, which is another positive sign. At the time of writing, Bitcoin is hovering around $62,750 (€55,100), basically unchanged over the past 24 hours.

For European investors, this development could matter because it points to more stable behavior from large, experienced holders. That could affect market structure and may leave room for a rebound or consolidation, depending on broader macroeconomic factors and regulation. The easing selling pressure also fits with the picture of a market looking for balance around key support levels, like the $59,000 zone, where liquidity is thinning, according to analysts.

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