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Analyst: Whales holding Bitcoin for over 7 years started大量套现 (massively cashing out) last November and intensified this year.

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PANews November 9th News, Capriole Investments co-founder Charles Edwards 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 longer). In the chart: orange represents $100 million in sales, red represents $500 million in sales. Charles Edwards stated that Bitcoin OGs are cashing out, with this selling activity beginning in November 2024 and intensifying in 2025.

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