Analysis: Bitcoin OG Whales Sell Clearly Slowdown, Shifting to Holding Coins Instead of Distributing According to BlockBeats, 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, and the activity of OG has been unusually high in this cycle. The number of UTXOs they spent significantly exceeded the level of the previous cycle. It is also worth noting that this cycle provides an almost perfect selling window for Bitcoin OG whales: large institutional funds enter the market, and even government level buyers enter the market. As the cycle progresses, the selling behavior of Bitcoin OG whales at periodic highs is continuously decreasing. The latest 90 day average of STXO high point was around 2300 BTC, but since then, the average has fallen sharply and is currently only fluctuating around 1000 BTC. This indicates that the selling pace of Bitcoin OG whales has also slowed down. The highly impactful selling pressure is significantly decreasing, and the current dominant trend is more inclined towards holding rather than distribution (selling)