Analyst Darkfost, using a 90-day moving average chart of the UTXO dynamics of Bitcoin OG holders (those who have held Bitcoin for over 5 years), concluded that this cycle presented an excellent selling opportunity for Bitcoin OG holders, thanks to the influx of major institutional investors and even government buyers. However, as the cycle progresses, OG sales at the peak of the native market have been steadily declining. The last time STXOs peaked, the 90-day average was approximately 2,300 BTC. Since then, this average has dropped significantly and now fluctuates around 1,000 BTC. This suggests that OG holders have also slowed their distribution pace. Their sometimes immense selling pressure has clearly eased, and the current trend seems more towards holding rather than distribution.