10x Research: The potential selling pressure from the OG wallet is a key reason why Bitcoin has struggled to rise significantly over the past six months.
Since Trump attended the Bitcoin summit, eight dormant Bitcoin wallets that had been inactive for 14 years have been reactivated, with a trading volume of 8.6 billion USD, potentially impacting market performance due to selling pressure. Early holders are turning to ETFs and corporate bonds, indicating that the game between "OG" holders and institutions is intensifying.