While the Bitcoin price has been volatile for a long time, on-chain data has pointed to a significant slowdown in the selling trend of long-term investors. The fact that the investor group, which had been holding assets for years, started to act more cautiously stood out as an important indicator that the pressure in the market was easing.
Sales pace decreased for long-term investors
According to data shared by crypto analysis platform CryptoQuant, the sales activity of investors who have held Bitcoin for more than five years has decreased significantly. CryptoQuant is known as a research platform that offers on-chain data and market analysis for digital asset markets.
Mini dictionary: On-chain data are measurements obtained directly from transactions and wallet movements on a blockchain. This data is used to track investor behavior and supply movements.
This group, often referred to as “OG” in the market, generally includes addresses that have held Bitcoin for at least five years. The decrease in the sales rate of these investors is interpreted as a weakening of their desire to dispose of their assets.
In the last three months, the average amount of Bitcoin spent by OG investors dropped below 1,000 BTC and dropped to 962 BTC. This level was recorded as the lowest value since November 2024.
First strong distribution, now pronounced calming
According to data, the current cycle has seen one of the strongest long-term investor sell-off periods in Bitcoin history. It was evaluated that this group made profit sales, especially in times of short-term rises in the market.
During intense sales periods, the amount of Bitcoin released by long-term investors reached 10,000 BTC, 30,000 BTC and even 142,000 BTC. This table showed that there was a strong distribution process in the market.
Market pressure may be easing
With the recent decline, the relevant indicator fell to its lowest level since late 2024. This development is considered to mean that the selling pressure has begun to ease and the market has entered a new phase in its search for direction.
Although the Bitcoin price still displays a weak outlook, it is noteworthy that long-term investors are withdrawing from the sell side. Analysts state that the decrease in this pressure may pave the way for the downward trend to reverse if demand gains strength again.
However, current data alone does not unequivocally confirm the price direction. Still, this shift in long-term investor behavior is among the key signals closely watched in the market.
