Bitcoin OG Whales Dump 1,000 BTC/Hour, Price Risks $90K

• Bitcoin’s long-term holders are offloading over 1,000 BTC per hour, driving notable market pressure.
• The cryptocurrency is trading 18.7% below its October 2025 all-time high of $126,000.

On November 8, 2025, Cointelegraph reported an alarming trend among long-term Bitcoin holders, known as “OG whales,” who are unloading Bitcoin at a rate of over 1,000 BTC per hour. These veteran investors, with holdings spanning over seven years, are actively transferring large quantities of Bitcoin across the market, creating significant downward pressure on its price trajectory.

Bitcoin currently stands 18.7% below its peak of $126,000, achieved in October 2025. The considerable sell-offs from OG whales have emerged as a major contributor to this price decline. On-chain analytics have flagged intensified sell activity from wallets linked to these original adopters, recording persistent, high-volume transfers since January 2025.

Adding to bearish indicators, analysts have identified a “bear pennant” pattern in Bitcoin’s price chart—a technical formation suggesting further potential downside. Predictions now hinge on Bitcoin’s ability to sustain its 50-week EMA, tentatively positioned at $100,900. Failure to close above this level could result in a substantial drop, with forecasts signaling a low of $89,600. This support zone is becoming increasingly critical for reversing the current negative trend.

The actions of long-term holders underscore the evolving dynamics within the cryptocurrency market. While some transfers are tied to precautionary measures, such as moving funds into quantum-resistant wallets, the prevailing trend appears to reflect profit-taking by OG whales. These movements are reshaping the short-term outlook for Bitcoin and adding complexity to the market narrative.

As of 16:08 UTC on November 8, 2025, Bitcoin (BTC) is trading at $101,606.809, with a 0.941% uptick in 24-hour trading volume, according to CoinMarketCap.