Opinion: Bitcoin OG holders are slowing down distribution, currently more inclined to hold the coins.

On January 14, according to analyst Darkfost, based on the 90-day moving average chart of UTXO dynamics for Bitcoin OG holders (those holding Bitcoin for over 5 years), the conclusion is that this cycle has provided an excellent selling opportunity for Bitcoin OGs, thanks to the influx of major institutional investors and even government buyers. However, as the cycle progresses, the OG sales volume during the peak of the native market has been steadily declining. The last time STXO reached a peak, the 90-day average was about 2,300 BTC. Since then, this average has dropped significantly and is now fluctuating around 1,000 BTC. This indicates that OGs have also slowed down their distribution pace. Their sometimes enormous selling pressure has obviously eased, and the current trend seems to favor holding rather than distributing.