đš BULLISH ON-CHAIN SIGNAL: OG Bitcoin Selling Pressure is EASING FAST! đđ
CryptoQuant data (via @Darkfost_Coc) shows the 90-day average of coins spent by OG holders (>5 years dormant) has dropped HARD â from peaks around 2,300 BTC down to just ~1,000 BTC recently.
This means the original long-term diamond hands are slowing distribution big time. Less old coins hitting the market = reduced selling pressure from the most convicted holders. Historically, this often sets up stronger legs up as the cycle matures!
While the market consolidates around $90Kâ$100K levels, this is a classic sign that OGs are leaning HOLD rather than dump. Institutions + ETFs absorbing supply, OGs chilling... the path higher looks clearer. đ„
Chart speaks for itself â check the decline in those purple bubbles! đâĄïžđą
Are you stacking more dips or waiting for confirmation? Drop your thoughts below! đđŹ
$BTC #bitcoin #BTC #crypto #Onchain
