On-chain data shows Bitcoin OGs cutting sales to 962 BTC over 90 days, easing pressure amid a structural floor search.
Bitcoin’s earliest investors, known as OGs, have reduced selling to the lowest level in nearly two years. On-chain spent transaction data reveals a 90-day moving average of just 962 BTC sold, the smallest figure since November 2024, according to CryptoQuant.
This decline contrasts with aggressive profit-taking seen during the 2023-2025 bull cycle, particularly when BTC traded above $100,000. The slowdown suggests long-term holders are opting to hold rather than liquidate, potentially stabilizing prices.
With selling pressure from OGs and ETFs easing, Bitcoin may be establishing a structural support level after prolonged volatility.