Analysis: Bitcoin OG selling pressure significantly cools down, market shifts toward long-term holding signals

CoinVoice has learned that, according to analyst Darkfost, by analyzing the 90-day moving average chart of Bitcoin OG holders (those holding Bitcoin for over 5 years) UTXO dynamics, the current cycle has provided an excellent selling opportunity for Bitcoin OGs, thanks to the influx of major institutional investors and even government buyers. However, as the cycle progresses, the OG sales volume during the peak of the native market has been steadily declining.

The last time STXO reached a peak, the 90-day average was about 2,300 BTC. Since then, this average has dropped significantly and is now fluctuating around 1,000 BTC. This indicates that OGs are also slowing down their distribution. Their sometimes enormous selling pressure has obviously eased, and the current trend seems to favor holding rather than distributing.