#Bitcoin OGs are moving again 👀
Around 1,500 $BTC from wallets that have been dormant for 5+ years is now being spent on a 90-day average — more than double June’s level.
But I wouldn’t jump straight to “whales are selling.”
Some of these coins are simply being moved to new or safer wallets. The real signal is whether this $BTC starts flowing into exchanges.
For me, this is one metric worth watching closely while $BTC struggles around $80K.
If OG coins start hitting exchanges heavily, I’d become more cautious on the next move. 📉
Around 1,500 $BTC from wallets that have been dormant for 5+ years is now being spent on a 90-day average — more than double June’s level.
But I wouldn’t jump straight to “whales are selling.”
Some of these coins are simply being moved to new or safer wallets. The real signal is whether this $BTC starts flowing into exchanges.
For me, this is one metric worth watching closely while $BTC struggles around $80K.
If OG coins start hitting exchanges heavily, I’d become more cautious on the next move. 📉