Insight: Bitcoin OG Holders Slow Down Distribution Rate, Currently More Inclined to HODL
BlockBeats News, January 14th, According to analyst Darkfost's analysis of the 90-day moving average of Bitcoin OG holders (holding Bitcoin for over 5 years) UTXO dynamics, it is concluded that this cycle has provided an excellent selling opportunity for Bitcoin OG holders, thanks to the influx of major institutional investors and even government buyers. However, as the cycle progresses, OG selling during the native market peak has been steadily declining.
The last peak of STXO was about 2,300 BTC on a 90-day average. Since then, this average has dropped significantly, now fluctuating around 1,000 BTC. This indicates that OGs have also slowed down their distribution speed. Their sometimes massive selling pressure has clearly eased, and the current trend seems to be more towards holding rather than distributing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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