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Bitcoin Updates Today: Veteran Bitcoin Holders Selling Raises Questions: Is the Market Unstable or Undergoing a Tactical Change?

Bitcoin Updates Today: Veteran Bitcoin Holders Selling Raises Questions: Is the Market Unstable or Undergoing a Tactical Change?

Bitget-RWA2025/11/16 18:12
By:Bitget-RWA

- Bitcoin OG holders are accelerating sales of decade-old BTC stashes, with $1B+ moved from pre-2018 wallets in 2025. - Analysts debate motives: Erik Voorhees sees long-term adoption focus, while Willy Woo cites quantum risk mitigation and SegWit address shifts. - Price volatility intensifies as BTC struggles to reclaim $105k-$106k support, with $722M realized losses and ETF buying ($530M) failing to offset selling pressure. - Historical patterns suggest potential 15-20% corrections, with on-chain expert D

Long-term Bitcoin holders, often referred to as original whales, have ramped up the sale of coins that have been untouched for over a decade. This surge in activity has ignited discussions about whether it points to underlying market weakness or simply reflects strategic rebalancing. Insights from blockchain analytics indicate that

for these types of transactions, with more than $1 billion in leaving wallets that have been inactive since before 2018. Despite this wave of selling, the situation is complex: is trading close to $104,000, and add further layers to the story.

Bitcoin Updates Today: Veteran Bitcoin Holders Selling Raises Questions: Is the Market Unstable or Undergoing a Tactical Change? image 0
This trend accelerated after a so-called "Satoshi-era" whale that had been held for 15 years. Analyst Charles Edwards used visual charts to illustrate the magnitude, showing orange and red bars for $100 million and $500 million outflows from pre-2018 wallets . Recently, Owen Gunden moved $372 million to Kraken, exemplifying a broader "steady distribution" trend among early investors .

Experts remain split on the implications. Bitcoin proponent Erik Voorhees pointed out that

holders focus on adoption rather than short-term price action, remarking, " -they're invested in Bitcoin's future potential." On the other hand, Willy Woo suggested these sales may simply be "portfolio maintenance" to address quantum computing threats, with some coins being moved to SegWit addresses following the Taproot update .

Price movements have reflected this uncertainty. Bitcoin's inability to reclaim the $105,000–$106,000 support range has caused concern, as

in early 2025, coinciding with continued selling by long-term holders. Analyst Ted Pillows commented, " in BTC yesterday, but the price still fell—demonstrating that selling pressure currently outweighs buying demand."

Historical trends further highlight the market's vulnerability. Blockchain specialist Darkfost noted that

, and the present $722 million figure matches previous declines in 2024. " , there's a risk of testing the $90,000–$95,000 support levels," Darkfost cautioned.

While some interpret these sales as a bearish signal, others believe they're a normal phase in Bitcoin's evolution. Voorhees reiterated, "

-they're adapting their approaches as the market matures." The next few weeks may determine whether this "OG exodus" represents a pivotal shift or simply another adjustment in Bitcoin's unpredictable path.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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