On-chain moves don’t tell the full story: Why OG Bitcoin whales may not be cashing out

“OG Bitcoin whales are dumping,” is the overarching narrative surrounding the latest Bitcoin selloff. Yet, amid nonstop chatter that Bitcoin’s earliest supporters are behind its latest price slide,...

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On-chain moves don’t tell the full story: Why OG Bitcoin whales may not be cashing out

Source: CryptoSlate

“OG Bitcoin whales are dumping,” is the overarching narrative surrounding the latest Bitcoin selloff. Yet, amid nonstop chatter that Bitcoin’s earliest supporters are behind its latest price slide, on-chain analyst Willy Woo points to “nuance” in the metrics. On-chain moves don’t tell the full story; the old-guard may not be caving in just yet. Are […]