PANews reported on November 9th that Charles Edwards, co-founder of Capriole Investments, shared a chart on the X platform showing the on-chain selling activity of Bitcoin OG holders (those who have held Bitcoin for seven years or more). In the chart, orange represents a sell-off of $100 million, and red represents a sell-off of $500 million. Charles Edwards stated that Bitcoin OGs are cashing out, and this sell-off began in November 2024 and will intensify in 2025. PANews reported on November 9th that Charles Edwards, co-founder of Capriole Investments, shared a chart on the X platform showing the on-chain selling activity of Bitcoin OG holders (those who have held Bitcoin for seven years or more). In the chart, orange represents a sell-off of $100 million, and red represents a sell-off of $500 million. Charles Edwards stated that Bitcoin OGs are cashing out, and this sell-off began in November 2024 and will intensify in 2025.
Analysts: Whales who have held Bitcoin for over 7 years began cashing out in large quantities last November, and this trend has intensified this year.
PANews reported on November 9th that Charles Edwards, co-founder of Capriole Investments, shared a chart on the X platform showing the on-chain selling activity of Bitcoin OG holders (those who have held Bitcoin for seven years or more). In the chart, orange represents a sell-off of $100 million, and red represents a sell-off of $500 million. Charles Edwards stated that Bitcoin OGs are cashing out, and this sell-off began in November 2024 and will intensify in 2025.
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