Analysis: Large-scale selling by long-term Bitcoin holders may exacerbate future market volatility

According to Cointelegraph, Bitcoin "OGs" (long-term holders) are transferring assets in large quantities to "paper hands" investors, and economist Peter Schiff warns that this will lead to a more severe market downturn in the future.

In October, whales and long-term holders sold over 400,000 Bitcoins, causing the price to drop below $85,000. Early investor Owen Gunden has cashed out approximately $1.3 billion worth of 11,000 Bitcoins, and "Rich Dad Poor Dad" author Robert Kiyosaki also announced that he sold all his Bitcoins for $90,000.