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

According to analyst Darkfost's conclusion based on the 90-day moving average chart of Bitcoin OG holder (those holding Bitcoin for over 5 years) UTXO dynamics, 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 progresses, OG selling volume during the native market peak period has been steadily declining.

The last time STXO reached its peak, the 90-day average was approximately 2,300 BTC. Since then, this average has significantly decreased and now fluctuates around 1,000 BTC. This indicates that OGs have also slowed down their distribution pace. Their once substantial selling pressure has clearly eased, and the current trend seems to favor holding over distribution.