Bitcoin News

Story: Next Bitcoin Bull Run Faces Resistance as OG Whales Offload BTC

By Pankaj K

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Sell-Side Pressure from Long-Term Holders. On-chain researcher James Check points to persistent sell-side activity from long-term Bitcoin…

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Structural Handover to Traditional Finance. William Clemente III, co-founder of Reflexivity Research, supports the view that the market’s…

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Bitcoin Price Rebounds, But Momentum Remains Range-Bound. Despite heavy selling from OG whales, Bitcoin has managed to hold key support levels above $110,000.

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Implications for the Next Bitcoin Bull Run. The ongoing sell-off by OG whales means that the next Bitcoin bull run may face delayed timing and…

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Looking Ahead. As 2025 progresses, the key factors influencing Bitcoin’s trajectory include macroeconomic…

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The much-anticipated next Bitcoin bull run is encountering a major hurdle as long-term holders, often referred to as OG whales, continue selling their positions.

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On-chain researcher James Check points to persistent sell-side activity from long-term Bitcoin holders as the key factor slowing the market’s recovery.

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Check’s data shows the average age of spent coins has increased to roughly 100 days in October, up from 26 days at the start of 2023.

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William Clemente III, co-founder of Reflexivity Research, supports the view that the market’s current weakness is structural rather than temporary.

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The redistribution of supply is gradually shifting market dynamics. Even though the ongoing sales are weighing on Bitcoin’s short-term price momentum, they may also contribute to…

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CryptoQuant data shows that Binance’s estimated leverage ratio—the amount of borrowed capital used by traders—declined throughout October, reflecting a pullback in speculative…

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The ongoing sell-off by OG whales means that the next Bitcoin bull run may face delayed timing and muted gains until these structural sales are absorbed.

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“Bitcoin feels stuck for now, but this is a healthy process,” said one crypto strategist. “The OG holders are gradually transferring coins to new investors.

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Historically, similar phases of structural supply redistribution have preceded strong rallies.

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As 2025 progresses, the key factors influencing Bitcoin’s trajectory include macroeconomic conditions, regulatory developments, and the pace of supply absorption by new investors.

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