Odaily Planet Daily News CryptoQuant analyst Yonsei_dent 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 Bitcoin prices. 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 a 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 Investors may still expect further price increases.

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