Longtime Bitcoin Whales Sell $271 Million in BTC as Strong Demand Supports Price

The Bitcoin market refers to large addresses that have held coins for more than seven years as OG whales. Concentrated sales of their low-cost holdings are often viewed as signals of profit-taking and near-term selling pressure. On-chain data compiled by AMBCrypto indicate that these longtime whales can test the depth of spot demand and shape expectations about whether the cryptocurrency rally can continue.

The latest data show that OG whales sold about $271 million in BTC on Sunday, July 19, 2026, but the market continued to absorb the supply without a marked loss of momentum. Over the same period, the net position change among long-term holders turned positive, indicating renewed accumulation by long-term investors. That helped Bitcoin hold within a $70,000–$72,000 range, temporarily reducing the risk that large-scale selling would trigger a deep pullback.