[Analyst Says Bitcoin Whales Holding for Over 7 Years Have Been Cashing Out on a Large Scale Since Last November] Charles Edwards, co-founder of Capriole Investments, shared a chart on the X platform analyzing the on-chain selling activity of OG holders who have held Bitcoin for seven years or longer. The chart shows orange markers representing $100 million in sales and red markers representing $500 million in sales. Charles Edwards pointed out that the selling activity of these Bitcoin OGs began in November 2024 and intensified in 2025.