OG Bitcoin Whales Sell More BTC in 2025 Than Any Prior Cycle
According to Capriole Investments founder Charles Edwards, Bitcoin OG whales — holders of BTC for over seven years — have sold more BTC in 2025 than in any previous cycle. On-chain data shows multiple large spending spikes and a consistently high selling baseline above 0.05% of Bitcoin’s market cap. The record selling by Bitcoin OG whales this year may reflect both profit-taking during the bull run and the rediscovery of lost wallets crossing the 7-year threshold. Historically, peaks in long-term holder selling have coincided with cycle tops. With BTC briefly dipping under $89,000 before rebounding to around $91,800, traders should monitor this whale activity as a key signal for potential market reversal and increased supply pressure.
Bearish
The surge in selling by OG Bitcoin whales typically signals a shift in market sentiment, as long-term holders realize profits at cycle peaks. In previous cycles, such peaks in accumulated holder distribution have preceded major corrections, notably during the 2017 and 2021 bull runs. The record offloading by 7+-year holders implies heightened supply pressure that could cap further gains and trigger volatility. In the short term, this may lead to price pullbacks as the market absorbs the increased supply. Over the longer term, sustained whale selling could confirm a transition from a bull phase to a consolidation or bear market, prompting traders to adopt more cautious or defensive strategies.