Bitcoin’s Next Rally Will Start Once OGs Finish Selling: Analysts

Why It Matters

The heavy profit-taking increases short-term volatility and supply-side pressure, delaying a broad-based recovery; once that selling subsides, diminished supply could pave the way for renewed upside and renewed institutional interest.

Summary

Analysts say Bitcoin’s next sustained rally is likely to begin only after early, long-term holders — colloquially ‘OGs’ — finish taking profits, as significant selling pressure is weighing on prices. Realized gains from long-term holders have hit record levels, peaking around $1.7 billion per day as older coins re-enter circulation. The heavy profit-taking increases short-term volatility and supply-side pressure, delaying a broad-based recovery; once that selling subsides, diminished supply could pave the way for renewed upside and renewed institutional interest.