The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
At a time when digital asset markets are closely monitoring global liquidity trends, recent data shows a significant reduction in selling pressure from major investors. According to CryptoQuant reports, Bitcoin holders who have maintained their positions for over five years have reduced their selling activity to a near two-year low. The 90-day average volume of Bitcoin spent by these long-term holders hit 962 BTC as the asset traded around the $63,000 level.
This decline in selling by 'OG' holders occurs amid divergent performance between crypto assets and traditional markets, with BTC maintaining relative stability despite recent ETF outflows. Compared to earlier periods in 2024, Polymarket data indicates high confidence in current price floors, strengthening the thesis of a potential supply squeeze if long-term holders continue to refrain from liquidating. Per market data, this behavior reflects a shift from profit-taking to long-term conviction (HODL) despite recent price volatility.
Sign in to access this content
Sign InLooking ahead, traders are watching the $63,000 level as a pivotal zone for sustained bullish momentum (as of close June 24, 2026). From a macroeconomic perspective, crypto market sentiment may be influenced by upcoming U.S. Retail Sales and Initial Jobless Claims data per the economic calendar, as these figures play a crucial role in shaping interest rate expectations and their impact on risk-on assets.