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Will it Push BTC Price Lower?

Will it Push BTC Price Lower?
Will it Push BTC Price Lower?

Main takeaways:

  • Older Bitcoin whales are selling heavily, spending more than 1,000 BTC per hour in 2025.

  • Bitcoin’s bearish flag pattern forecasts a possible drop to $89,600.

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

Capriole Investments co-founder Charles Edwards He said “Super whales are making money from Bitcoin,” he wrote in a post on X, raising concerns about the potential impact on Bitcoin’s price.

Bitcoin OG whales continue to flood

The BTC/USD pair is trading 18.7% below its all-time high of $126,000 reached on October 6, a decline partly attributed to large outflows from the wallets of old whales.

While some see this as a natural pullback of bull cycles, others argue that the correction may be fueled by selling from long-term shareholders.

Related to: New Bitcoin Highs May Take Two to Six Months, but Data Suggests It’s Worth the Wait: Analysis

Edwards shared a chart showing how much on-chain spending from “OG” Bitcoin holders — those who have held their assets for seven years or more.

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

“The graph is very colorful in 2025,” Edwards said, adding:

“Regulatory organizations spend their money.”

Bitcoin and drowning whales. Source: Glassnode

Additional data from Glassnode He appears Events in which these whales spend more than 1,000 bitcoins per hour have been going on since January.

“The main difference in this cycle is that the OG whale high spending events occurred more frequently throughout, indicating a continuous distribution.”

Bitcoin OG whale spending events. Source: Glassnode

One example is “Bitcoin OG Owen Gunden,” highlighted by onchain analytics platform Lookonchain. This whale moved 3,600 bitcoins, worth about $372 million, on Saturday, with “$500 bitcoin ($51.68) already deposited into Kraken.”

Despite this selling pressure, the market has shown extraordinary resilience, according to Willy Wu He argues That “what constitutes an ‘OG dump’ is simply a transfer of BTC from an address that has not been touched for 7 years.”

Willie Wu suggested that Bitcoin transfers by long-term holders may be intended to move to root addresses for quantum-secure transactions. He notes that this could also include custody rotation or seeding of Bitcoin treasury companies, rather than actual sales.

Bitcoin “bear flag” targets $90,000

Data from Cointelegraph Markets Pro and TradingView Bitcoin is trading inside a bearish flag, indicating that a big downward move could be next.

A bear flag is a bearish continuation pattern that occurs after a significant decline, followed by a period of consolidation at the lower end of the price range.

A break below the flag support line at $100,650 would likely lead to Bitcoin’s next decline, which is measured at $89,600 or a 12% decline from its current price level.

BTC/USD six-hour chart. Source: Cointelegraph/TradingView

As Cointelegraph reported, Bitcoin must close the week above its 50-week moving average, which currently stands at $100,900, to avoid a deeper correction towards $92,000 or lower.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The post Will it Push BTC Price Lower? first appeared on Investorempires.com.

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