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) classified by investors' holding periods. In the Bitcoin bull market of November and December 2024, long-term holders (LTHs) achieved significant potential profits, indicating that some investors sold part of their held Bitcoin to lock in gains.
Investors with holding periods of 6 to 12 months were the most active in selling Bitcoin. These investors primarily purchased Bitcoin during the early 2024 spot ETF launch. The selling activity of this group may have exerted downward pressure on Bitcoin prices. However, strong demand has still kept Bitcoin within the range of $90,000 to $100,000.
Investors holding Bitcoin for more than a year sold almost no Bitcoin during this period.

#BTC