Bitcoin long-term holders cut selling to a two-year low, relieving market pressure

Huo Xing Finance, citing CoinDesk, reported that CryptoQuant data shows a sharp pullback in selling by so-called "OG" Bitcoin investors—holders with more than five years of holding history. Their 90-day average sell volume has fallen to 962 BTC, the lowest level since November 2024. Analysts said that in the bull cycle that started in early 2023, these long-term holders liquidated a record amount of Bitcoin, with repeated selling spikes during rallies in May 2024, February 2025 and September 2025. On peak days, sales topped 142,000 BTC. Bitcoin is now trading around $63,000, close to the breakeven level for purchases made by this cohort five years ago. Their decision to hold rather than sell has helped reduce market-wide selling pressure. Spot Bitcoin ETF outflows have also moderated over the past two weeks, reinforcing signs that sell-side pressure is easing.