Người giữ bitcoin OG tăng hoạt động trên chuỗi trong bối cảnh thị trường tích lũy

The Huoxing Finance report states that on September 5, CryptoQuant analyst Darkfost posted that on-chain activity among Bitcoin long-term holders (OGs) has significantly increased recently. During the current market consolidation phase, the 90-day moving average of STXOs spent by investors holding BTC for over 5 years has risen to approximately 1,500 BTC. During May this year, the average amount of BTC transferred by this group via UTXOs was only about half of the current level. In other words, over the past three months, Bitcoin long-term holders who have held for more than 5 years have been moving their BTC more frequently. This suggests that the ongoing market consolidation may be intensifying uncertainty among different types of investors, even prompting early Bitcoin holders who have weathered multiple market cycles to adjust their on-chain asset allocations. However, OG holders transferring BTC does not necessarily mean they are collectively selling. Some funds may simply be moved to other wallets or more secure storage environments—for instance, previous events related to Coldcard may have prompted some holders to proactively adjust their BTC storage methods. Therefore, the current on-chain data primarily reflects increased activity among OGs and cannot be used alone to determine their specific buying or selling intentions based solely on UTXO transfer volumes.