so no OGs huh
Who's selling their bitcoin? Well...if we look on chain, most of the movement over the past year has come from 1-5 year old coins.
Short term HODLers: 5.82M BTC -> 7.54M BTC
Medium term HODLers: 7.64M BTC -> 6.22M BTC
Long term HODLers: 6.12M BTC -> 6.07M BTC https://m.primal.net/PJrD.mp4
Discussion
Only a small fraction seems to have come from coins older than 5 years...so if OGs are selling, they're selling their newer coins and continuing to HODL their older ones.