Why OG Bitcoin Whales Are Suddenly Selling—and What It Signals for the Market

Early Bitcoin whales have started selling their holdings, making 2025 the most active year of BTC selling on record.

Experts caution that this trend reflects growing tensions around Bitcoin’s price. It also highlights a shift between short-term profit-taking and long-term value conviction.

Earlier this week, a Satoshi-era whale sold all of its Bitcoins, valued at $1.5 billion, after holding them for 15 years. 

The latest news reinforced a rising trend that’s getting continuously picked up by market analysts. Now more than ever, original Bitcoin holders are liquidating their positions — a trend unfolding against the backdrop of Bitcoin’s price volatility.

OG Bitcoin whales are dumping.

This chart gives a good visual of how many super whales are cashing out of Bitcoin. All lines here are 7+ year on-chain spends from pre-2018 era OG Bitcoin Hodlers.