Opinion: OG Bitcoin Whale Exiting in Large Scale Cash Out

November 9th, founder of crypto quant fund Capriole Investments, Charles Edwards, posted a message saying, "OG Bitcoin Whales Are Selling Off:The attached image intuitively shows how many super whales are cashing out Bitcoin. Each line in the graph represents long-term holders of OG Bitcoin who entered the market before 2018 and have held for over 7 years, showing on-chain transactions.· Orange = Sell-off amount at the $100 million level of OG.· Red = Sell-off amount at the $500 million level of OG.The color scheme for the 2025 chart is unusually rich — indicating OG whales are exiting in a large-scale cash-out."