Bitcoin OG Wallets’ Selling Pressure Key Factor Behind Bitcoin’s Stagnant Gains in Past Six Months

Bitcoin’s price stagnation over the last six months can be largely attributed to the selling pressure exerted by early Bitcoin adopters, commonly referred to as Bitcoin OG wallets. These long-term holders have historically influenced market dynamics by offloading assets during periods of volatility, thereby limiting upward momentum. Market analysts emphasize that this persistent supply-side pressure has constrained Bitcoin’s ability to break through critical resistance levels, impacting overall market sentiment. Understanding the behavior of these foundational wallets is crucial for investors seeking to navigate the current cryptocurrency market landscape with informed strategies.