Analysis: Bitcoin OG whales have significantly slowed their selling, shifting towards holding rather than distributing coins.

According to Mars Finance, on January 14th, CryptoQuant analyst Darkfost stated, "On-chain activity among Bitcoin OG whales (holders who have held Bitcoin for over 5 years without trading) has significantly decreased. OG activity was exceptionally high during this cycle, with their UTXO spending significantly exceeding the levels of the previous cycle. It's also worth noting that this cycle provided a near-perfect selling window for Bitcoin OG whales: large institutional funds entered the market, and even government-level buyers entered the market. As the cycle progresses, the selling activity of Bitcoin OG whales at cyclical highs is steadily decreasing. The 90-day average of the most recent STXO high was approximately 2300 BTC, but this average has since fallen sharply, currently fluctuating around 1000 BTC. This indicates that the selling pace of Bitcoin OG whales has also slowed. Their highly impactful selling pressure is clearly decreasing, and the current dominant trend is more towards holding rather than distribution (selling)."