I just saw that Bitcoin OGs — those early adopters who have had BTC for years — are massively selling. More than 100 million dollars worth of Bitcoin has left the exchange in a short period. What does OG actually stand for? Basically, they are the original hodlers, the folks who had Bitcoin when no one knew about it yet.

The reason? The Fed has significantly dampened hopes for interest rate cuts with their hawkish stance. This causes investors to become more cautious, and even the OGs are starting to take their profits. It seems that market sentiment has shifted quite a bit — if even long-term holders are beginning to sell, that says something.

Quite an interesting moment, actually. You see that macroeconomic signals directly impact what even the most patient hodlers do. The question now is whether this is the start of a broader correction or just some profit-taking by the OGs.