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分析:比特币 OG 鲸鱼抛售明显放缓,转向持币而非分发

2026-01-14 18:12:03

ChainCatcher 消息,CryptoQuant 分析师 Darkfost 表示,比特币 OG 鲸鱼(持币超过 5 年未动的持有者)的链上活动出现明显下降,在本轮周期中,OG 的活跃度曾异常之高。

他们花费的 UTXO 数量明显超过上一轮周期的水平。同时也值得注意的是,本轮周期为比特币 OG 鲸鱼提供了几乎完美的卖出窗口:大型机构资金入场,甚至政府级买家进入市场。随着周期推进,比特币 OG 鲸鱼在阶段性高点的卖出行为正在持续减少。

最近一次 STXO 高点的 90 日均值约为 2300 枚 BTC,而此后该均值大幅回落,目前仅在 1000 枚 BTC 左右波动。这表明比特币 OG 鲸鱼的卖出节奏同样已经放缓。其极具冲击力的抛压正在明显下降,当前的主导趋势更偏向于持有而非分发(抛售)。

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