Multi-year Bitcoin holder selling falls to 19-month low as halving model flags new market bottom date

OG Bitcoin holders' spending dropped to a 19-month low, as market cycle indicators point to September as a potential market bottom.

Bitcoin (BTC) holders who acquired their coins more than five years ago have cut spending to a 90-day average of 962 BTC, the lowest level since November 2024, according to CryptoQuant data. The slowdown follows three major spending peaks over the past two years, including a high of 3,860 BTC in May 2024.

At the same time, BTC analysts said that market and profitability indicators are converging in the second half of 2026, putting a new timeline of a potential Bitcoin bottom.

Bitcoin “OG” holders step back

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