According to BlockBeats, analyst Darkfost has concluded that the current cycle presents a prime selling opportunity for Bitcoin OG holders, those who have held Bitcoin for over five years. This opportunity arises from the influx of major institutional investors and even government buyers. However, as the cycle progresses, the sales volume from OG holders during peak market periods has been steadily declining.
The last peak in STXO, with a 90-day average of approximately 2,300 BTC, has significantly decreased, now fluctuating around 1,000 BTC. This indicates that OG holders have slowed their distribution pace. The substantial selling pressure they once exerted has evidently lessened, and the current trend appears to favor holding rather than distributing.