Early Bitcoin investors sold off 73%, what will the BTC be like in Q1?

This article is machine translated
Show original
Nhà đầu tư Bitcoin đời đầu bán giảm 73%, BTC quý I ra sao?

Selling pressure from the "Bitcoin OG" group has significantly decreased, increasing the probability of a Bitcoin recovery as the selling pressure from long-term holders no longer weighs heavily on the price.

The OG group, consisting of early Miners , developers, and early users who bought BTC under $100 and held it for over five years, often takes profits during strong bull cycles, potentially slowing momentum. Recent data suggests that supply and demand conditions are improving.

MAIN CONTENT
  • The 90-day selling pressure from Bitcoin OG has decreased from an Medium of 3,000 BTC (2024) to 1,000 BTC (2026), equivalent to a 73% reduction.
  • Institutional demand exceeds the supply of newly mined BTC , with 30,000 BTC absorbed compared to 5,700 new BTC Mint (mid-January 2026).
  • True MVRV recovered from around 1.0 to 1.1; history suggests that the 1.5 or 2.0 range could be a "cooling-down" point if the upward trend continues.

Selling pressure from Bitcoin OG has decreased by 73% in two years.

Selling pressure from the OG Bitcoin investor group has decreased significantly, from an Medium of 3,000 BTC (90 days) in 2024 to 1,000 BTC in 2026, creating more favorable conditions for BTC 's recovery.

Bitcoin OG refers to a group that showed early belief in BTC, including early Miners , developers, and early investors/users. Some of them bought BTC when the price was below $100 and made significant profits after holding it for over 5 years.

Bitcoin's strong upward momentum in the current cycle has triggered profit-taking activity from the OG group. Some analysts suggest that this selling pressure has contributed to slowing BTC 's momentum in 2025, as the market absorbs supply from long-term holders.

At the time mentioned, data shows that this selling pressure has decreased from a 90-day Medium of 3,000 BTC (in 2024) to 1,000 BTC (in 2026). This represents a 73% reduction over two years, thus easing the historical supply pressure from large investors.

In the context of monitoring supply-demand trends and Derivative volatility, traders can refer to perspectives such as OI, funding, liquidation, and liquidation on BingX to assess whether BTC 's recovery is being supported by sustainable capital flows or merely short-term volatility.

Organizational demand exceeds the supply of newly mined BTC .

Institutional demand is significantly higher than the amount of new BTC Mint by Miners , creating a structural foundation to support the price as buying power absorbs the new supply more quickly.

Market shifts in 2026 are described as positive for BTC, as many of the previously oppressive factors have largely "reset": significant selling pressure at the end of 2025 from long-term holders (described as holding for more than 5 months), ETF outflows, and excessive leverage.

This structural foundation helps to strengthen resilience. Notably, institutional demand is currently stated to be nearly five times the new supply, i.e., the amount of BTC that Miners produce.

You may not know this, but the BingX exchange offers many privileges for new members and VIP members.

As of mid-January 2026, institutions had absorbed 30,000 BTC, significantly higher than the 5,700 BTC recently Mint. A similar pattern was observed in 2024–2025 when ETFs launched, suggesting that institutional absorption could play a key Vai in balancing supply and demand.

“The recovery in institutional Capital flows that we forecast for 2026 is likely to be driven by further adoption of crypto regulations such as the Clarity Act in the US, which will likely trigger continued institutional adoption of digital assets and new institutional activities.”

– JPMorgan analysts, quoted in the article/2026

True MVRV suggests a "cooling-off" phase if the recovery continues.

True MVRV Dip near 1.0 and then recovered to 1.1; in previous cycles, when the indicator approached 1.5 or 2.0, local reversal points often appeared, so these are levels to watch.

True MVRV is described as an oscillator that helps identify market cycles and changes in investor sentiment. In the current context, the indicator touched a Dip around 1.0 and then recovered to 1.1, implying that sentiment has moved away from its extremely weak state.

Past recovery patterns at similar levels suggest that “shifts” (local peaks) often occur when the oscillator rises to the 1.5 (mid-range) or 2.0 region. The practical interpretation is: the upward momentum may continue, but the market may “cool down” as the True MVRV approaches these levels.

At the time mentioned, BTC was trading around $95,500, up 18% from its Q4 2025 Dip of $80,600. This places True MVRV in a "recovering" rather than "overly euphoric" position, but the 1.5 and 2.0 levels remain historical indicator warning zones for potential corrections.

Final assessment

Selling pressure from the Bitcoin OG group has decreased significantly, while institutional demand is described as outpacing new supply from Miners—two factors that could support the recovery. However, if the True MVRV rises to 1.5 or 2.0, the market could experience a cooling-off phase following previous patterns.

Frequently Asked Questions

Who is Bitcoin OG?

Bitcoin OG refers to a group of early investors and participants such as early Miners , developers, and early users, who typically hold BTC for many years and can exert significant selling pressure when taking profits.

How has the selling pressure from Bitcoin OG changed?

The 90-day selling pressure is projected to decrease from an Medium of 3,000 BTC in 2024 to 1,000 BTC in 2026, representing a 73% reduction over two years.

Why is institutional demand important to the price of Bitcoin?

When institutions buy more BTC than Miners Mint, the buying pressure can absorb the new supply more quickly, supporting the supply-demand structure and increasing the likelihood of sustaining the recovery trend.

What is True MVRV and what do the 1.5 or 2.0 benchmarks mean?

True MVRV is an oscillator used to identify cycles and changes in sentiment. Historical data shows that local peaks often appear when the indicator approaches around 1.5 or 2.0, so this is a zone where the upward momentum may "cool down".

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments