Analysis: Bitcoin OG Selling Pressure Significantly Cools, Market Signals Shift Towards Long-Term Holding

Odaily According to analyst Darkfost, who combined the 90-day moving average graph of Bitcoin OG holder (those holding Bitcoin for over 5 years) UTXO dynamics to draw a conclusion, this cycle has provided Bitcoin OG holders with an excellent selling opportunity, thanks to the influx of major institutional investors and even government buyers. However, as the cycle has progressed, OG sales during the native market peak period have been steadily declining.

The last time STXO reached a peak, the 90-day average was around 2,300 BTC. Since then, this average has dropped significantly and is now fluctuating around 1,000 BTC. This indicates that OGs have also slowed down their distribution. Their sometimes massive selling pressure has clearly eased, and the current trend seems to favor holding over distribution.