$100B in old Bitcoin moved, raising ‘OG’ versus ‘trader’ debate

Over $100 billion in old Bitcoin has moved as spot ETFs see record outflows, igniting debate over whether true OGs or traders are driving the market sell-off.

Key takeaways:

Over $104 billion in long-held Bitcoin has moved since 2024, sparking debate on whether older BTC investors are exiting the market for good.

Onchain data shows most moved Bitcoin was from short-term holders, not older addresses.

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