Deep Tide TechFlow news, on December 26, CryptoQuant certified author Yonsei_dent stated that the Spent Output Age Bands (SOAB) indicator provides insights into Bitcoin consumption (i.e., selling) categorized by the holding period of investors. In the Bitcoin bull market of November and December 2024, long-term holders (LTHs) realized significant potential profits, indicating that some investors sold portions of their held Bitcoin to lock in gains.
Investors with a holding period of 6 to 12 months were the most active in selling Bitcoin. These investors primarily purchased Bitcoin when the Bitcoin spot ETF launched in early 2024. The selling activity of this group may have exerted downward pressure on Bitcoin prices. However, strong demand still kept Bitcoin within the range of $90,000 to $100,000.
Investors who have held Bitcoin for over a year hardly sold any Bitcoin during this period.
