Long-Term Bitcoin Holders Reduce On-Chain Selling Activity to Lowest Level

Bitcoin's oldest investors have reduced their on-chain selling activity to its lowest level since November 2024, according to CryptoQuant. The 90-day average of Bitcoin spent by these long-term holders has fallen to 962 BTC.

This represents a significant slowdown in spending compared to previous distribution phases, with the current market cycle seeing the largest wave of OG Bitcoin selling on record.

CryptoQuant analyst Darkfost highlighted that this market cycle has seen three major peaks in OG Bitcoin selling, with the most expensive Bitcoin acquired by these investors purchased around $63,200. At current prices, they are choosing to continue holding rather than sell.