{"id":54014,"date":"2025-10-21T03:46:12","date_gmt":"2025-10-21T03:46:12","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=54014"},"modified":"2025-10-21T03:46:13","modified_gmt":"2025-10-21T03:46:13","slug":"bitcoins-next-rally-will-start-once-ogs-finish-selling","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=54014","title":{"rendered":"Bitcoin\u2019s next rally will start once OGs finish selling?"},"content":{"rendered":"

Long-term Bitcoin holders took profits at record levels with realized gains hitting $1.7 billion daily as older coins re-entered circulation.<\/p>\n

The price of Bitcoin will have a challenging road ahead as long as long-term holders continue to take profits, according to analysts.<\/p>\n

The failure of crypto markets to recover was not due to manipulation, paper Bitcoin, or suppression, \u201cjust good old-fashioned sellers,\u201d said analyst James Check on Sunday.<\/p>\n

Check added that the sheer volume of sell-side pressure from existing Bitcoin holders is still not widely appreciated, and that it was \u201cthe<\/em> source of resistance\u201d at the moment.\u00a0<\/p>\n

The analyst shared a chart showing that the average age of spent coins has drifted higher throughout the cycle, indicating that long-term holders were the ones selling.<\/p>\n

Another chart showed that realized profit had spiked to $1.7 billion per day while realized losses climbed to $430 million per day, the third highest level this cycle.<\/p>\n

Meanwhile, the \u201crevived supply\u201d from older coins reached its second-highest level at $2.9 billion per day.\u00a0<\/p>\n

Older coins re-enter supply as old hands take profits. Source: <\/em>James Check<\/em><\/figcaption><\/figure>\n

Bitcoin OGs taking profits\u00a0<\/h2>\n

Crypto investor Will Clemente said that \u201cthe last year of relative weakness for BTC has mostly been a transfer of supply from OGs to TradFi,\u201d which can be seen in onchain data.\u00a0<\/p>\n

\u201cThis dynamic will be mostly irrelevant in the coming years, just as everyone is focused on BTC\u2019s relative weakness.\u201d<\/p><\/blockquote>\n

Related: <\/strong><\/em>John Bollinger says to \u2018pay attention soon\u2019 as big move could be imminent<\/strong><\/em><\/p>\n

Galaxy Digital CEO Mike Novogratz echoed the sentiment in an interview with Raoul Pal last week.<\/p>\n

\u201cThere are a lot of people in the Bitcoin world who had rode this so long and finally decided, \u2018I wanna buy something\u2019,\u201d he said, citing friends who bought a yacht and part of a sports team.\u00a0<\/p>\n

\u201cPeople trimming because they\u2019ve had a great run and we\u2019re just digesting that turnover.\u201d<\/p><\/blockquote>\n

Novogratz confirmed that the only supply his firm has seen is \u201cold OGs\u201d and miners.\u00a0<\/p>\n

Weekly close holds support\u00a0<\/h2>\n

Bitcoin has held onto support with a weekly closing candle at $108,700, according to TradingView.<\/p>\n

\u201cContinued holding here could see price rally to $120k+ over time. Stability here is absolutely key,\u201d said analyst \u201cRekt Capital\u201d on Sunday.\u00a0<\/p>\n

The asset had reclaimed $110,000 at the time of writing, but it faces more resistance just above this level.<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Long-term Bitcoin holders took profits at record levels with realized gains hitting $1.7 billion daily as older coins re-entered circulation. The price of Bitcoin will have a challenging road ahead as long as long-term holders … Bitcoin\u2019s next rally will start once OGs finish selling?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":54016,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-54014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nBitcoin\u2019s next rally will start once OGs finish selling? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=54014\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin\u2019s next rally will start once OGs finish selling? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Long-term Bitcoin holders took profits at record levels with realized gains hitting $1.7 billion daily as older coins re-entered circulation. 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