Bitcoin Og Whales Keep ‘cashing Out’, Threatening BTC Price Drop To...

Long-term whales have cashed out millions of dollars from Bitcoin throughout 2025, potentially putting BTC price recovery at risk.

Older Bitcoin whales are selling heavily, spending over 1,000 BTC/hour in 2025.

Bitcoin’s bear pennant pattern projects a potential drop to $89,600.

Bitcoin (BTC) was at risk of further losses as the oldest whales continued to spend their BTC stash.

Capriole Investments co-founder Charles Edwards said that “super whales are cashing out of Bitcoin,” in a post on X, raising concerns about the potential impact on BTC’s price.

The BTC/USD pair trades 18.7% below its all-time high of $126,000 reached on Oct. 6, a drawdown that has been partly attributed to large outflows from old whale wallets.

While some view this as a normal dip for bull cycles, others argue that the correction has been fueled by selling from long-term holders.

Related: New Bitcoin highs could take 2 to 6 months but data says it’s worth the wait: Analysis

Edwards shared a chart illustrating the extent of onchain spending from “OG” Bitcoin holders—those who have held their assets for seven years or more.

The chart features two color-coded categories: orange for $100 million dumps and red for $500 million dumps, clearly demonstrating the scale of selling by these long-term investors. This selling began in November 2024 and intensified in 2025.

Source: CoinTelegraph