Bitcoin OG whales keep cashing out, threatening BTC price drop to $90K

In recent months, a significant trend has emerged in the Bitcoin market, raising concerns among investors. Long-term holders, often referred to as "OG whales," are cashing out large amounts of Bitcoin, which may jeopardize the cryptocurrency's recovery prospects. As these older investors sell their assets, the market faces potential downward pressure, with analysts projecting a possible drop in Bitcoin's price to around $90,000.

Long-term Bitcoin holders are heavily selling their assets

The ongoing sell-off by Bitcoin’s OG whales has been notable throughout 2025. These long-term holders, who have retained their Bitcoin for seven years or more, are reportedly selling more than 1,000 BTC each hour. This trend has been linked to a broader correction in the market, with Bitcoin currently trading approximately 18.7% below its all-time high of $126,000, achieved on October 6. The extensive outflows from these older wallets have sparked debates among analysts regarding the sustainability of Bitcoin's price recovery.

Market shows surprising strength despite whale sell-offs

Despite the significant selling by OG whales, the Bitcoin market has displayed an unexpected level of resilience. Some experts argue that the transfers made by long-term holders may not necessarily indicate panic selling. For instance, Willy Woo, a notable analyst, suggests that these transactions could be part of strategic moves, such as transferring Bitcoin to taproot addresses for enhanced security or for custodial purposes. This perspective provides a glimmer of hope, indicating that the market may withstand the pressure from whale sell-offs.

Technical analysis suggests a possible drop to $90,000

Technical indicators are painting a concerning picture for Bitcoin's price trajectory. Current analysis reveals that Bitcoin is trading within a bear pennant pattern, which typically signifies a continuation of downward trends following a significant price drop. If Bitcoin breaks below a crucial support level at $100,650, it could lead to further declines, with projections suggesting a potential drop to around $89,600. This scenario highlights the importance of monitoring market movements closely, as a break below this key level could trigger a more extensive correction.

Investors should remain cautious and conduct thorough research

As the market navigates these turbulent waters, it is essential for investors to exercise caution. The volatility surrounding Bitcoin and the actions of long-term holders underscore the need for thorough research before making investment decisions. With the possibility of a price drop looming, maintaining a well-informed perspective is crucial for navigating the complexities of the cryptocurrency market. Investors should stay vigilant and consider potential risks as they assess their strategies moving forward.