OG Bitcoin Holders Aren’t Leaving — They’re Leveling Up
-

Despite ETF inflows and Wall Street’s growing presence, early Bitcoin holders aren’t running for the exits.
According to Bitwise CIO Matt Hougan, most early adopters are still holding — even after massive gains. Some are taking partial profits, but they’re not abandoning Bitcoin.
Yes, a small group of cypherpunk purists may dislike BlackRock and institutional custody. But Hougan calls them a shrinking minority.
The bigger picture?
Early holders remain invested
Institutional capital is adding new demand
Bitcoin ownership is expanding, not rotating out
Bitcoin isn’t losing its believers.
It’s gaining new ones — without losing the old guard. -
makes sense, partial profit taking is healthy, hodlers still holding is a strong signal for market stability