Wall Street Is Dumping Bitcoin — But OG Holders Are Scooping It Right Back Up. Here's What That Means
(92 days ago) · 1 source · Summarized by CryptoBipto
Institutional investors and Wall Street firms have been offloading Bitcoin positions, but long-term holders — often referred to as 'OG' or 'diamond hands' holders — are absorbing the selling pressure by accumulating at current prices. This dynamic suggests a divergence in conviction between short-term institutional players and seasoned crypto veterans who have weathered multiple market cycles.
WHY IT MATTERS
Think of Bitcoin like a limited-edition collectible. Wall Street firms are like dealers who bought a bunch to flip for profit — and now they're selling. But the original collectors, the ones who truly believe in the value, are buying those pieces back at a discount. In crypto, these original collectors are called 'long-term holders' or 'OGs' (original gangsters — it just means they've been around a long time). When Bitcoin moves from people who sell quickly to people who hold for years, there's less Bitcoin available for everyone else to buy. It's like musical chairs with fewer and fewer chairs — and that scarcity can eventually push prices higher.
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