Bitcoin's price has been unable to break higher, and early adopters may be contributing to this stagnation. According to a recent CoinTelegraph article, original Bitcoin holders, often referred to as OGs, have been selling their holdings, particularly to Wall Street investors.

This selling activity is creating significant downward pressure on Bitcoin’s market, preventing it from achieving new highs. The involvement of institutional players like those on Wall Street adds another layer of complexity to the market dynamics. These large-scale investors have the capital and influence to sway prices, and their participation may be amplifying the impact of the OGs’ sell-offs.

Whether these early holders are simply taking profits after years of holding or signaling a lack of confidence in Bitcoin’s short-term potential remains unclear. Regardless, the market is feeling the weight of their actions, and it’s keeping Bitcoin in a holding pattern for now. Show Less