Bitcoin OG whales are selling large amounts, risking a potential price drop to $90K amid ongoing market pressure in 2025.
Bitcoin has been under pressure recently, partly due to selling by long-term holders known as “OG whales.” These investors have been offloading large amounts of Bitcoin, which has raised concerns about the cryptocurrency’s price.
Analysts predict this trend could push the price down to around $90,000, a potential drop from its current level. While Bitcoin’s price has shown resilience, the increased activity from these whales remains a key factor to watch.
Increased Selling from Bitcoin OG Whales
Bitcoin OG whales have been consistently selling throughout 2025, with large transactions reported regularly. Data shows that more than 1,000 BTC have been spent every hour by these long-term holders. These whales are typically investors who have owned Bitcoin for seven years or more, making them a crucial part of the market.
Bitcoin OG Owen Gunden keeps dumping $BTC!
Today, he moved 3,600.55 $BTC($372M) — with 500 $BTC($51.68M) already deposited to #Kraken, and the remaining 3,100.55 $BTC ($320.46M) likely heading there in the coming days.https://t.co/sGMrheaZl9https://t.co/lGpGzZiXmE pic.twitter.com/dsZzCKyvc5
— Lookonchain (@lookonchain) November 8, 2025
The scale of their selling is significant. For example, some whales have moved transactions worth hundreds of millions of dollars. This selling trend began in late 2024 and has only intensified in 2025, with many analysts concerned about its impact on Bitcoin’s price.
Charles Edwards, co-founder of Capriole Investments, noted that “super whales” are actively cashing out. This large-scale distribution can create downward pressure on Bitcoin’s price, especially if it continues at the current pace.
Bear Pennant Signals Possible Price Drop
Bitcoin’s recent price movement has formed a bearish pattern known as a bear pennant. This pattern typically follows a sharp price drop, followed by a period of consolidation. If Bitcoin fails to maintain its current support level, a further decline could occur.
The key support level for Bitcoin right now is around $100,650. A break below this level would likely signal more selling and could lead to a drop toward $89,600. This represents a potential 12% decrease from Bitcoin current price.
As Bitcoin trades within this bear pennant, traders are watching for any signs of a breakdown. If the price fails to hold above this critical support, the market could face a more significant downturn.
Market Resilience Despite Whale Activity
Despite the heavy selling by OG whales, Bitcoin has shown unusual resilience in the market. Some analysts, like Willy Woo, believe the large transfers from long-term holders may not necessarily signal panic selling. Woo suggests these moves could be part of portfolio management, such as shifting assets for security or preparing for future upgrades.
Some onchain nuance here… what constitutes an "OG dump" is simply BTC moving out of an address that has be untouched for 7 years. Hence BTC looks resilient under heavy selling when in fact it's necessarily all selling.
Here's some activities that would be misread as a "dump":… https://t.co/WPKGQ98I3c
— Willy Woo (@woonomic) November 8, 2025
Woo also pointed out that these transactions might not be sales at all. Many long-term holders may be moving their Bitcoin to different types of addresses or custody arrangements. This could be a strategic move rather than a sign of weakness in the market.
Therefore, while Bitcoin faces selling pressure from these whales, the market may still hold its ground. Investors will need to monitor the situation closely to see if the resilience continues or if a larger price drop materializes.
