Analysis: Bitcoin OG whales' selling has significantly slowed down, shifting towards holding rather than distributing

GateUser-6433627c · 2026-01-14T10:10:55+00:00

The on-chain activity of Bitcoin OG whales has significantly decreased, with the selling pace slowing down and the willingness to hold increasing. Despite previous high activity and selling windows, recent selling pressure has weakened, and the current trend favors holding rather than distributing.

GateUser-6433627c

2026-01-14 10:10:55

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On January 14, CryptoQuant analyst Darkfost stated, “The on-chain activity of Bitcoin OG whales (holders who have not moved their coins for over 5 years) has shown a significant decline. During this cycle, OGs experienced unusually high activity. The number of UTXOs they spent is noticeably higher than the levels in the previous cycle. It is also worth noting that this cycle has provided an almost perfect selling window for Bitcoin OG whales: large institutional funds entered the market, and even government-level buyers participated. As the cycle progresses, the selling behavior of Bitcoin OG whales at cyclical highs has been gradually decreasing. The most recent 90-day moving average of STXO peaks is about 2,300 BTC, but this average has since fallen sharply and is currently fluctuating around 1,000 BTC. This indicates that the selling pace of Bitcoin OG whales has also slowed down. Their highly impactful selling pressure is clearly diminishing, and the current dominant trend leans more towards holding rather than distributing (selling).”

BTC4,7%

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