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Analysis: The Bitcoin OG whale's sell-off indicates a transfer of holdings to institutions; the next rally remains promising.

MarsBitNews
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According to a report from Mars Finance, CryptoQuant CEO Ki Young Ju posted on the X platform saying that the selling by Bitcoin OG whales and long-term miners is essentially a large-scale transfer of holdings to U.S. traditional financial institutions, investors, and ETFs. He believes that the final value of an asset depends on who is holding it. If the next party to take over is an entity that can provide greater liquidity, the next round of upside could come at any time. He also argues that traditional financial institutions or whoever can offer a stronger demand base than OG whales could dilute the value of the “crypto punk” ethos, and he feels regret about that. However, he still believes Bitcoin will enter its next upcycle and is worth waiting for.
BTC-7.25%
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