Last week, Bitcoin (BTC) investors, referred to as 'OG whales,' sold $271 million worth of Bitcoin, marking a significant uptick in selling activity. This follows a similar pattern observed in January, which led to a 13% price correction. However, current on-chain data indicates a robust market environment, with strong absorption capacity from other holders. As of April 9, long-term holders recorded a net position change of 88,000 BTC, reversing earlier negative flows. Analysts from CryptoQuant highlight that the market is transitioning towards a recovery phase, with indicators suggesting that forced selling has eased and demand is gradually rebuilding. The current market dynamics may allow Bitcoin to stabilize within the $70,000-$72,000 range, despite the recent selling by OG whales.