Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy

cointelegraphPublished on 2026-07-27Last updated on 2026-07-27

Abstract

According to research from Galaxy, the movement of long-dormant Bitcoin reached its lowest level in four years during the second quarter, indicating a significant reduction in selling pressure from long-term holders. The metric "coin days destroyed," which emphasizes older coins, showed a similar decline. Analyst Alex Thorn noted that earlier spikes in activity were driven by veteran holders, or "OGs," taking profits, mirroring patterns from the 2017 bull market. The current low level of dormant coin movement suggests these long-term investors have largely slowed their distribution after a period of elevated selling in 2024 and 2025, opting instead to hold their assets.

Dormant Bitcoin movement in the second quarter fell to its lowest level since the third quarter of 2022, according to data shared by Alex Thorn, Galaxy’s head of firmwide research.

Coin days destroyed, a metric that gives greater weight to older coins, showed a similar decline.

Thorn said the earlier spikes were driven by “OGs taking profit,” similar to the pattern seen during Bitcoin’s 2017 bull market, suggesting long-term holders have slowed selling after elevated distribution in 2024 and 2025.

Dormant coin movement tracks Bitcoin (BTC) that has remained untouched for extended periods before being spent again. Analysts monitor the metric because increased activity from long-term holders has historically coincided with periods of profit-taking and heightened selling pressure, while subdued activity can suggest those investors are holding rather than distributing their coins.

Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach

Trending Cryptos

Haedal ProtocolHAEDAL

Analyst Announces: Historic Bullish Signal Reappears in the Ethereum Network! Four Major Rallies Observed Previously!

An analyst has declared the re-emergence of a major bullish signal for the Ethereum network. Crypto analyst Ali Martinez states that the MVRV Golden Cross, considered one of the strongest on-chain indicators for Ethereum, has officially formed. According to the analyst, following the four previous instances of this signal, the price of Ethereum surged by 50%, 166%, 74%, and 113% respectively. He highlights this as one of the most optimistic signals for Ethereum on the blockchain. However, it is crucial to remember that while similar signals preceded significant rallies in the past, it does not guarantee the same outcome will occur this time. This information is not intended as investment advice.

cryptonews.ru11m ago

Analyst Announces: Historic Bullish Signal Reappears in the Ethereum Network! Four Major Rallies Observed Previously!

cryptonews.ru11m ago

OpenPayd joins the Fireblocks payment network

OpenPayd, a company providing financial infrastructure for businesses, has joined the Fireblocks Network. This integration gives over 2,400 participants of Fireblocks access to OpenPayd's infrastructure for conducting fiat payments. The Fireblocks Network connects payment systems, blockchains, and stablecoin infrastructure, facilitating services for fund deposits/withdrawals, currency exchange, and international transfers, with total transaction volumes exceeding $14 trillion. Its members include crypto exchanges, fintech firms, banks, payment services, and liquidity providers. Connection to OpenPayd is available via the Fireblocks Console or API. The service supports British pounds, euros, and US dollars, with over 60 additional currencies available upon request. It enables companies to manage payments, liquidity, treasury operations, and reconciliation within a unified workflow. The integration also allows for transfers between fiat currencies and stablecoins, leveraging Fireblocks' security and compliance tools, including support for Travel Rule requirements and cryptocurrency wallet checks.

cryptonews.ru41m ago

OpenPayd joins the Fireblocks payment network

cryptonews.ru41m ago

Mento Brings Its FX Protocol to Polygon

The Mento Protocol, a decentralized foreign exchange (FX) infrastructure, has launched on the Polygon network. This deployment introduces Mento's stablecoin markets to Polygon's ecosystem, starting with a USDm/EURm trading pool. The integration aims to provide predictable onchain FX liquidity between USD and non-USD stablecoins, addressing a key need as stablecoin activity expands beyond dollar-denominated assets. The launch is supported by day-one liquidity partner Capa. Additionally, Mento is adding EURØP, a MiCA-regulated euro stablecoin from Schuman Financial, as a reserve asset for its EURm token. Mento's Fixed Price Market Maker (FPMM) design uses trusted price oracles to offer predictable, reference-rate pricing similar to traditional FX markets. Executives from Mento Labs, Polygon Labs, and Capa emphasized that this FX infrastructure is critical for enabling reliable, large-scale payments using non-USD stablecoins, which are already gaining significant traction on Polygon. The move represents Mento's expansion beyond the Celo and Monad networks.

TheNewsCrypto55m ago

TheNewsCrypto55m ago

A Critical Signal for Bitcoin (BTC) Ahead of the Fed Meeting: Options Bulls Have Shifted Course and Are Targeting This Level!

A critical week has begun for Bitcoin and altcoins as markets await the Fed's July decision. While the Fed is widely expected to keep rates unchanged, Chairman Jerome Powell's remarks are anticipated to significantly impact cryptocurrencies. In this climate, BTC options traders have notably reduced their short-hedging positions ahead of the Fed announcement. Analysts at Glassnode observed that the put-call ratio, which was 0.76 at the end of June indicating downside protection, has dropped sharply to approximately 0.52. This plunge suggests investors are scaling back on insurance against a potential correction and shifting their focus back to bullish strategies. Data shows large investors are actively accumulating call options with a $70,000 strike price, reinforcing market expectations for a short-term upward price move for Bitcoin. However, analysts warn that if the Fed signals a different policy path than markets anticipate, Bitcoin's volatility could surge rapidly due to the reduced protective positioning.

cryptonews.ru1h ago

A Critical Signal for Bitcoin (BTC) Ahead of the Fed Meeting: Options Bulls Have Shifted Course and Are Targeting This Level!

cryptonews.ru1h ago

Mento brings its FX Protocol to Polygon

Mento Protocol, a leading decentralized FX infrastructure, has deployed on Polygon, bringing its stablecoin markets to the network. The launch, starting with a USDm/EURm trading pair, provides the foreign exchange layer needed to connect the growing non-USD stablecoin activity on Polygon with predictable, onchain FX liquidity. This expands Polygon's ecosystem beyond dollar-only liquidity. The deployment is supported by liquidity partner Capa and integrates EURØP, a MiCA-regulated euro token from Schuman Financial, as a reserve asset for EURm. Mento's Fixed Price Market Maker design uses trusted price oracles to offer predictable, reference-rate execution across currencies, aiming to make non-USD stablecoins more usable for cross-border payments and other applications. Executives from Mento Labs, Polygon Labs, Capa, and Schuman Financial emphasized that this infrastructure is crucial for scaling reliable, multi-currency stablecoin payments and connecting local-currency markets onchain.

cointelegraph1h ago

Trading

Spot

Hot Articles

How to Buy 4

Welcome to HTX.com! We've made purchasing 4 (4) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy 4 (4) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your 4 (4)After purchasing your 4 (4), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade 4 (4)Easily trade 4 (4) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

4.8k Total ViewsPublished 2025.10.20Updated 2026.06.02

Hot Tokens Learning Week 4: 2025 TRON Ecosystem Boom — TRON Solidifies Leadership in Stablecoin Transfers

In 2025, the TRON ecosystem witnessed rapid development, focusing on interoperability, security and real-world adoption.

31.5k Total ViewsPublished 2025.12.30Updated 2025.12.30

Hot Tokens Learning Week 4: 2025 TRON Ecosystem Boom — TRON Solidifies Leadership in Stablecoin Transfers

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of 4 (4) are presented below.