Bitcoin OG Spending Doubles As BTC Hovers Near $80K

Bitcoin OG holders have doubled their spending activity since May. Their coins had stayed dormant for more than five years. The group’s 90-day average reached about 1,500 BTC as prices struggled to move above $80,000.

In a post on X, CryptoQuant analyst Darkfost highlighted the increase during the latest period of price consolidation. The analyst linked it to unease among holders. Even investors who held through several market cycles appeared more active.

What Does the Rise in Bitcoin OG Spending Reveal?

The Bitcoin OG average now stands about 56% above the June 24 reading of 962 BTC. That reading was the first below 1,000 BTC since November 2024. Activity then reached its lowest point in nearly two years.

The measure tracks spent outputs through a 90-day moving average rather than relying on daily totals alone. It smooths daily changes and reduces the impact of single transfers from large wallets. This helps show changes in activity across the older holder group.

According to CoinMarketCap. Bitcoin is trading $79,901 at the time of writing. It gained about 0.33% over the past 24 hours, with prices ranging from $78,723 to $81,370. Several sharp swings left it struggling to stay above $80,000.