Bitcoin OG Selling Eases as Dormant BTC Movement Hits 4-Year Low

Dormant Bitcoin activity fell to its lowest level since the third quarter of 2022 during the second quarter, according to data shared by Alex Thorn, Galaxy’s head of firmwide research. The drop in coin days destroyed, a metric that gives greater weight to older coins, reinforced the trend.

Thorn said the earlier spikes were driven by “OGs taking profit,” mirroring the pattern observed during Bitcoin’s 2017 bull market. Consequently, the slowdown suggests long-term holders have eased their selling after heavy profit-taking in 2024 and 2025. Meanwhile, the decline in dormant coin movement indicates a shift in distribution behavior among veteran investors.

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