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CryptoQuant Analyst: Bitcoin investors with a holding period of 6-12 months have been the most active sellers recently
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2024-12-27 04:02 7,839
Golden Finance reported that CryptoQuant analyst Yonsei said that the Spent Output Age Bands (SOAB) indicator shows that during Bitcoin’s bull market from November to December 2024, long-term holders (LTHs) locked in significant profits. Investors with a holding period of 6 to 12 months have been the most active in selling recently. Most of these investors bought Bitcoin when spot ETFs were launched at the beginning of the year. Their selling activities have put some downward pressure on the price of Bitcoin. However, strong demand has kept Bitcoin prices in the $90,000 to $100,000 range. At the same time, investors with a holding period of more than one year sold less during this period, and the Binary CDD indicator showed that the sales volume of Bitcoin’s old coins declined in December compared with November, indicating that most long-term holders may Further price increases are still expected.
Keywords: Bitcoin
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