Bitcoin's OG whales hit the mute button on selling — 962 BTC moved, 2024 called, it wants its chill back 🐋

Long-term bitcoin holders have pulled their selling activity down to the lowest level in nearly two years, according to data from CryptoQuant. The 90-day moving average of coins spent by wallets holding for at least five years has dropped to 962 BTC, the lowest reading since November 2024. "Today, the 90-day average of BTC spent by these OGs has dropped below 1 000, sitting at 962, its lowest level since November 2024. At current prices, these investors are choosing to continue holding rather than sell, thereby contributing to the easing of selling pressure," a CryptoQuant analyst said on X.

The slowdown marks a sharp reversal from the aggressive profit-taking that defined the previous bull cycle. The bull run that began in early 2023 produced the most intense wave of OG selling in bitcoin's history, with single-day sell-offs at peak moments exceeding 142,000 BTC. That pressure produced visible spikes in the spent transaction outputs (STXO) metric in May 2024, February 2025 and September 2025, each time BTC traded above $100,000.

The current lull comes as bitcoin trades around $63,000, a level CryptoQuant analysts have identified as roughly the break-even point for the most expensive coins the OG cohort could have acquired five years ago. By choosing to hold at this range rather than liquidate, the long-term holders are removing a source of supply that previously capped gains above $100,000.

Spot ETF outflows have also eased in recent weeks, adding to the picture of thinning sell-side pressure. Bitcoin ($BTC $62,681.78) was last seen trading near $63,000 as of the report, with the article published by Omkar Godbole on Jun 24, 2026, at 8:39 a.m.