PANews reported on July 5 that 10x Research published an analysis saying that since Trump attended the Nashville Bitcoin Summit in July 2024, a major shift has been taking placePANews reported on July 5 that 10x Research published an analysis saying that since Trump attended the Nashville Bitcoin Summit in July 2024, a major shift has been taking place
10x Research: The potential selling pressure from OG wallets is a key reason why Bitcoin has been unable to rise significantly in the past six months
1 min read
PANews reported on July 5 that 10x Research published an analysis saying that since Trump attended the Nashville Bitcoin Summit in July 2024, a major shift has been taking place behind the scenes. Eight Bitcoin wallets from the Satoshi era that had been silent for 14 years were reactivated on Friday, with a total transaction volume of $8.6 billion. These "OG" wallets have been a persistent problem in the market (potential selling pressure) and a key reason why Bitcoin has been difficult to achieve significant gains in the past six months, although there are no clear signs that these wallets intend to sell. The so-called "Mega Whales", early Bitcoin miners and long-term holders, have begun to gradually sell off their Bitcoin holdings. Early holders are gradually turning to ETFs and corporate bonds. A secret tug-of-war is unfolding between long-term "OG" holders and institutional whales, and only one side can win in the end.
Market Opportunity
SIX Price(SIX)
$0.01051
$0.01051$0.01051
USD
SIX (SIX) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
United States Building Permits Change dipped from previous -2.8% to -3.7% in August
The post United States Building Permits Change dipped from previous -2.8% to -3.7% in August appeared on BitcoinEthereumNews.com. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended…
Share
BitcoinEthereumNews2025/09/18 02:20
Payward Revenue Hits $2.2 Billion as Kraken Exchange Reports Strong 2025 Growth
TLDR Payward, Kraken’s parent company, earned $2.2 billion in 2025, a 33% increase from 2024’s $1.6 billion Trading revenue and asset-based services each contributed
Share
Blockonomi2026/02/04 20:11
Super Micro Computer (SMCI) Stock: Revenue Soars Past $12B on AI Server Boom
TLDR Revenue hit $12.7 billion, crushing $10.42 billion estimate and up 123.4% year-over-year EPS of $0.69 beat consensus $0.49 by 40.8% in fiscal Q2 Q3 guidance
Share
Blockonomi2026/02/04 20:36