Dormant Bitcoin activity has plummeted to its lowest point since Q3 2022, according to analytics giant Galaxy.
The so-called “Bitcoin OGs” — early and long-term holders who make up one-quarter of cryptocurrency circulation — have significantly reduced selling pressure after months of heavy profit-taking earlier this year. This marks a crucial market shift as patient investors calm down without the constant threat of sell-offs dormant wallets cause years ago.
Galaxy’s latest data shows these dedicated participants are finally winding back their activity, providing stabilization to bull markets that historically depended on long-term holder patience. “The distribution patterns indicate real change in holder behavior,” Galaxy analysts noted as short-term traders continue rotating assets while long-term holders prepare for next accumulation phase rather than rushing sales low.
For broader market participants this represents potentially bullish technical news following Bitcoin’s volatility through July 2026, seeing corrections from $115K peak levels in early summer. Reduced selling pressure provides foundation for recovery attempts after the heavy profit-taking earlier this year that pushed prices down significantly.
