Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy
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Written by Yohan Yunstaff editorReviewed by Robert Lakinstaff editorWritten by Yohan Yunstaff editorReviewed by Robert Lakinstaff editorBitcoin OG selling eases as dormant BTC movement hits 4-year low: GalaxyMarketsPublishedJul 26, 2026Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.Dormant Bitcoin movement in the second quarter fell to its lowest level since the third quarter of 2022, according to data shared by Alex Thorn, Galaxy’s head of firmwide research.Coin days destroyed, a metric that gives greater weight to older coins, showed a similar decline.Thorn said the earlier spikes were driven by “OGs taking profit,” similar to the pattern seen during Bitcoin’s 2017 bull market, suggesting…
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