Bitcoin OG Whale Selling Slows Down, Shifting to Holding Mainly

On January 14th, CryptoQuant analyst Darkfost stated that the on chain activity of Bitcoin OG whales (holders who have held their coins for more than 5 years without moving) has significantly decreased. OG activity was unusually high in this cycle, and the number of UTXOs spent exceeded the level of the previous cycle. The recent 90 day average of STXO highs has significantly fallen from around 2300 BTC to around 1000 BTC, indicating a slowdown in the selling rhythm of Bitcoin OG whales, a decrease in selling pressure, and a current trend towards holding rather than distribution.