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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?

Sofia Reyes·Jun 23, 2026·1 min read

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.