Bitcoin OGs Keep Dumping Coins
Analysis
Price Impact
HighBitcoin ogs and long-term holders are dumping significant amounts of btc (300,000 btc offloaded in recent months, one og alone depositing $627 million worth over two weeks). this intense selling pressure acts as a major headwind.
Trustworthiness
HighData is cited from reputable on-chain analytics platforms onchain lens and glassnode, providing concrete figures for the dumping activity.
Price Direction
BearishDespite a mild recovery and four consecutive green candles, the sustained and large-scale distribution by ogs and long-term holders, particularly as btc approaches psychological price points like $100,000, indicates strong underlying selling pressure that could push prices down.
Time Effect
LongThe significant volume of coins being offloaded by long-term holders over several months suggests a sustained distribution phase that will likely have a prolonged impact on price, rather than just a fleeting short-term effect.
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Cover image via U.Today Read U.TODAY on Google News According to data provided by Onchain Lens , a Bitcoin OG deposited a total of 200 Bitcoins (BTC) to Kraken. Advertisement The coins were worth a total of $22.32 million at the time of the transfer. The OG has already deposited roughly $627 million worth of Bitcoin over the past two weeks. HOT Stories New CFTC Chair Is XRP Supporter Bitcoin Core Drops Four New Security Alerts, What’s at Risk? Ripple CTO Makes Unexpected Interaction With Litecoin on X, XRP Beef Squashed? Crypto Market Prediction: XRP to Face Its Most Intense Battle, Shiba Inu (SHIB) $0.00002 Closer, Can Ethereum (ETH) Reclaim $4,000? Intense selling pressure from the bulls has been cited as one of the key headwinds for the leading cryptocurrency. Advertisement In fact, recent data from Glassnode shows that the long-time holders of the world's leading cryptocurrency have now offloaded a total of 300,000 BTC within just several months. You Might Also Like Sat, 08/30/2025 - 11:35 Bitcoin OG Whale Sells $215 Million in BTC, Buys Ethereum By Dan Burgin The $100,000 price mark is likely to be the psychological price point that tempts a lot of OGs into taking profis after sitting on their coins for years. Bitcoin's mild recovery According to CoinGecko data, Bitcoin is currently trading at $112,519. The cryptocurrency has now secured four consecutive green candles on the daily chart. This comes following a recent report of the US and China reaching a consensus on key trade issues following talks. Earlier this month, trade tensions between the two superpowers thew a wrench in the works for the bulls who were expecting significant gains this November. The largest cryptocurrency is currently on track to log its first month in the green since 2018. The leading cryptocurrency is still down 10.8% from $126,080, which was recorded in early October. #Bitcoin News