Analysis: Bitcoin OG Investors' Selling Volume Drops to Near Two-Year Low, Easing Market Selling Pressure

CoinFeed June 24 news, according to CoinDesk, CryptoQuant data shows that 'OG' investors holding Bitcoin for over five years have significantly slowed their recent selling activity, with their 90-day average Bitcoin selling volume dropping to 962 BTC, the lowest level since November 2024. Analysts point out that during the bull cycle starting in early 2023, OG investors sold the largest holdings in Bitcoin's history, especially forming multiple selling peaks during price surges in May 2024, February 2025, and September 2025, with single-day sales exceeding 142,000 BTC. Bitcoin is currently trading around $63,000, near the breakeven point for these OG investors who bought five years ago, and choosing to hold rather than sell has effectively eased market selling pressure. The pace of spot ETF outflows has also slowed over the past two weeks, further confirming that selling pressure is weakening.