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Pricing

OG Bitcoin Sellers Taking a Break?

The 90-day average of BTC spent by long-term holders just hit its lowest since November 2024. Are we entering a new accumulation phase?

I've been keeping an eye on the OG Bitcoin crowd, and their selling activity just dropped to the lowest level since late last year. The 90-day average of BTC spent by these long-term holders is now below 1,000 — specifically 962. That's a pretty stark shift from the distribution we saw in recent months.

Does this mean the old whales are finally done handing over coins to new buyers? Could be a signal that we're moving into a more accumulation-friendly environment. 🤔 Curious to hear what others think — are you seeing similar quietness in on-chain data?

Comments5

  • Priya Nair
    Interesting data point 📈. The last time spending dropped this low, it preceded a strong rally as supply tightened. If this holds, it suggests sellers are exhausted and the next leg up could be building.
  • Tom Fielding
    Lowest since November means nothing if the price is still 30% off ATH. Let's see a few weeks of actual supply crunch before calling it accumulation.
  • Hiro Tanaka
    Long-term holder supply just hit an all-time high of 14.6M BTC, so the dip in spending aligns with accumulation. Watch for a breakout above $68K to confirm the trend.
  • Lena Brandt
    Selling pressure subsiding doesn't guarantee accumulation begins. We need to see exchange inflows drop and spot volume pick up to confirm the shift.
  • Marcus Vega
    Bias: bullish. 🚀🔥 Long-term holders pausing sales is a classic supply shock setup. If demand stays steady, price has only one way to go.