Bitcoin Price Under Threat: OG Whales Dump Millions, Sparking Fears of $90K Drop
- OG whales have been selling large amounts of Bitcoin since January, creating uncertainty across the market.
- The selling pressure has caused an 18.7% decline from Bitcoin’s peak, with charts hinting at a possible drop toward $89,600.
- Some believe these moves are routine profit-taking, while others suspect custody shifts or quantum-safe transfers.
- Despite the sell-offs, the market remains relatively strong, showing signs of resilience amid volatility.
Bitcoin’s price recovery is at risk of being thrown off by a major trend that the Bitcoin market is currently facing. In 2025, long-term holders, or “OG whales,” have been liquidating their Bitcoin stash for millions of dollars on numerous occasions. The wave of these sales has scared out some investors, prompting them to forecast a downward trend of BTC’s price.
The Scale of Selling
Glassnode’s information reveals that these are hourly rates for these 1,000 BTC-plus sales, which have been going on nonstop since January. The deals made from these sales are not only tiny transactions, but also some whales have carried out hundreds of millions of dollars in Bitcoin moves. Consequently, it has become a matter of debate what these sellers aiming to achieve by such a grand scale of sales.
Also Read: Bitcoin Holds Strong as Tether Added 961 BTC to Fuel Future Growth
Impact on Price
The pressure for the Bitcoin price to go down as a result of the selling activities of the OG whales is one of the reasons the price has gone down lately, with the asset currently having lost 18.7% of its peak value. Besides there is also the technical side that shows the formation of a bear pennant pattern which, in turn, hints to further fall and the price going down to $89,600.
Also Read: Bitcoin Price Pullback Sparks Bullish Setup as Golden Cross Approaches
Possible Explanations
Some of the people who witnessed the offloading take it as a normal thing for the bull cycle while others believe that it as an indication of more serious issues. On the other hand, some of the leading experts maintain the idea that offloading is not the only factor behind the moves and there may be other reasons like custody rotations or BTC treasury companies.
Also Read: Bitcoin Forecast Slashed to $1.2 Million as Stablecoins Gain Massive Momentum
Market Resilience
The market conditions during the dumping have been strong and that might be the reason why some people think that the selling pressure doesn’t imply a decline in market strength. One of them is Willy Woo, who being a well-known analyst, came to this conclusion and even suggests that the activities could be for quantum-safe transactions or some other non-selling-related ones.
Also Read: Bitcoin Long-Term Holders Dump 300K BTC As Confidence Wanes
Looking Ahead
In the midst of market uncertainty, it becomes especially important to keep an eye on the activities of OG whales in terms of their sales. Could their antics be the reason for a dramatic plunge in the prices, or will the market just be able to withstand the on-going selling pressure? Actually, their actions will certainly be under the microscope in the weeks to come, no matter what.
Also Read: Bitcoin Slips Below $100K—Worst November Start in Its History
Conclusion
OG whales selling frenzy is a development that should keep investors on their toes. The future may be cloudy, but one thing is for sure – this market, typical for its volatility, is likely to become even more uncertain due to this trend. Currently, BTC is trending in a bullish momentum as per the community sentiment.
Also Read: Zcash Outperforms Bitcoin with 248% Monthly Rally and $6.5 Billion Valuation
