Analysis: Bitcoin OG Investors' Selling Volume Drops to Near Two-Year Low, Easing Market Selling Pressure

PA一线
PA一线
PANews, June 24 – According to CoinDesk, data from CryptoQuant shows that selling activity by “OG” investors who have held Bitcoin for more than five years has slowed significantly recently. Their 90-day average Bitcoin sales volume has dropped to 962 BTC, the lowest level since November 2024. Analysts point out that during the bull cycle that began in early 2023, OG investors sold the largest share of Bitcoin holdings in history, with multiple selling peaks formed especially during price surges in May 2024, and February and September 2025, when single-day sales once exceeded 142,000 BTC. Bitcoin is currently trading at around $63,000, near the breakeven point for these OG investors who purchased five years ago. Choosing to continue holding rather than selling has effectively eased market selling pressure. The pace of spot ETF outflows has also slowed over the past two weeks, further confirming that selling pressure is weakening.
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