# Galaxy Digital Announces End of Old Bitcoin Sell-Off Wave Analyst Alex Thorn indicates the intense 2024-2025 movement period is concluding. - **Source:** [INCRYPTED](https://brifing.si/source/7cd4625d-3f08-4cc1-983d-4c7d991839ba) - **Published:** 2026-07-15 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/3c34709b-9e69-4652-9555-354ba915b9d6 ## Historic Bitcoin Movement The 2024-2025 period witnessed large-scale sell-offs by Bitcoin's earliest investors. Alex Thorn, head of research at Galaxy Digital, revealed this was the second most active movement period after 2017. The rate of old Bitcoin entering markets is now reported to be declining. ## Market Cycle Parallels Data shared by Thorn shows old Bitcoin typically moves during market uptrends. Similar waves occurred in 2017, 2021, and most recently in 2024-2025. This cyclical pattern points to experienced investors' market timing strategies. ## 2026 Projections Thorn suggests activated old Bitcoin in 2026 could be less than half of 2025 levels. This projection indicates the large-scale redistribution process is in its final stages. For market participants, this may mean reduced liquidity pressure. ## Quantum Threat Discussions Some commentators speculate quantum computing risks might drive old Bitcoin holders to sell. However, Thorn emphasized none of Galaxy Digital's institutional clients cited this reason. Development of quantum-resistant solutions may alleviate these concerns. ## Institutional Investor Sentiment Interestingly, some institutional investors view quantum risk as a barrier to entry. Thorn believes these concerns will diminish with technological advancements. This reveals factors shaping institutional capital's approach to crypto assets. ## Long-Term Investors' Role The report aligns with CryptoQuant data showing long-term investors accumulating Bitcoin during market bottom formation. Decreasing old Bitcoin movement is seen as significant for market maturation and stability. ## Sources covering this story - https://incrypted.com/galaxy-digital-volna-prodazh-staryh-bitkoinov-pochti-zavershilas/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._