Bitcoin OG Selling Drops to Lowest Level Since Lat
#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge Bitcoin OG Selling Drops to Lowest Level Since Late 2024Bitcoin is yet to recover from the prolonged market volatility, but selling pressure among long-time Bitcoin holders is easing as they become more willing to hodl their assets.
According to data from crypto analytics platform CryptoQuant, selling activity among Bitcoin's oldest holders has declined significantly as they appear to be growing more confident.
It is important to note that long-term holders who have held Bitcoin for more than five years are commonly referred to as "OGs"; hence, the slowdown in their selling activity suggests that they are no longer willing to sell cautiously.
Bitcoin OGs now holding
Following the decline, the metric has reached its lowest level since late 2024, suggesting that market pressure is easing and Bitcoin might be preparing for a major move.
Apparently, this cycle recorded some of the strongest OG selling activity in Bitcoin's history, especially during periods when the market experienced a brief rally, suggesting that they might have been taking profits.
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