10x Research: The potential selling pressure brought by Bitcoin OG wallets is one of the key reasons why Bitcoin has been difficult to achieve significant gains in the past six months

10x Research reports that eight Satoshi-era Bitcoin wallets that had been dormant for 14 years were reactivated on Friday, involving a total of $8.6 billion in transactions. These OG wallets have been a potential selling pressure in the market and one of the key reasons why Bitcoin has struggled to achieve significant gains in the past six months, although there is no clear sign that these specific wallets are interested in selling. The "super whale" group of early Bitcoin miners and long-term holders is gradually reducing their holdings, while crypto ETFs and corporate treasury demand parties continue to increase their holdings. This hidden tug-of-war may determine the short-term trend of Bitcoin.