Bitcoin rotates from OG holders to TradFi buyers in latest market dip: CryptoQuant CEO

Key Takeaways

• Original Bitcoin holders ('OGs') are selling their Bitcoin holdings during the market dip.
• Traditional finance investors, such as institutions and funds, are buying the Bitcoin being sold by early adopters.

Original Bitcoin holders are selling during the current market dip, transferring assets to traditional finance buyers who are expected to hold for the long term, according to CryptoQuant CEO Ki Young Ju.

This rotation reflects a broader shift from early crypto adopters to institutional liquidity channels such as ETFs, pension funds, sovereign funds, and corporate treasuries. These new inflows continue to strengthen despite the dip, altering or even breaking the traditional Bitcoin market cycle structure.

Strategy continues to play a role in Bitcoin liquidity, maintaining its position during market changes and emphasizing its long-term holding strategy as a corporate holder.