Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
Analysis: Bitcoin—Selling pressure on OG has significantly eased, signaling a shift toward long-term holding
Svmuu News: Analyst Darkfost, based on a chart showing the 90-day moving average of UTXO activity among OG holders (those who have held Bitcoin for over five years) on Bitcoin, has concluded that the current cycle presents an excellent selling opportunity for OG holders at Bitcoin, thanks to the influx of major institutional investors and even government buyers.However, as the cycle has progressed, OG sales during the peak of the native market have been steadily declining. The last time STXO peaked, the 90-day average was approximately 2,300 BTC.Since then, this average has dropped significantly and now fluctuates around 1,000 BTC. This indicates that OG holders have also slowed their distribution pace. The sometimes immense selling pressure they exerted has clearly eased, and the current trend appears to favor holding rather than distribution.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report
Recommended Reading


