More than likely you have an issue with the oil pump or the oil pressure sensor.
So, we need to find out first and foremost if the sensor is correct and the pressure truly is low when this is blinking.
Here is a guide that will help with low oil pressure issues that will get us started:
https://www.2carpros.com/articles/high-or-low-engine-oil-pressure
I am attaching the info below on how to check the pressure. If the sensor is correct and the pressure is low, then the likely cause is the oil pump.
If the oil pressure is not an issue, then the sensor is faulty and only acting up when it is cold.
Please run through this info and let me know what questions you have.
Thanks
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Sunday, November 21st, 2021 AT 2:43 PM