#XmasCryptoMiracles

Theo Foresight News, analyst Yonsei_dent of CryptoQuant has provided detailed insights into Bitcoin selling trends using the Spent Output Age Bands (SOAB) data, categorizing Bitcoin sales based on the holding time of investors. In the Bitcoin bull market in November and December 2024, long-term holders (LTH) realized significant potential profits, indicating that some investors sold a portion of their Bitcoin holdings to secure gains.

Investors holding Bitcoin for 6 to 12 months were the most active sellers of Bitcoin. This group mainly bought Bitcoin at the beginning of 2024 when spot Bitcoin ETFs were launched. Their selling activity may have exerted downward pressure on Bitcoin. Nevertheless, strong demand kept Bitcoin within the range of $90,000 to $100,000. Investors holding Bitcoin for more than a year showed minimal selling activity during this period.