PANews December 26 report, CryptoQuant analyst Yonsei_dent stated that the Spent Output Age Bands (SOAB) indicator shows that during the bull market period from November to December 2024, long-term holders (LTHs) locked in significant profits. Investors with holding periods of 6 to 12 months were the most active sellers, as these investors mostly bought Bitcoin when the spot ETF was launched at the beginning of the year, and their selling activity exerted some downward pressure on Bitcoin prices. However, strong demand kept Bitcoin prices within the range of $90,000 to $100,000. Meanwhile, investors with holding periods exceeding one year sold less during this period, and the 'Binary CDD' indicator shows that the old coin selling volume of Bitcoin in December decreased compared to November, suggesting that most long-term holders may still expect further price increases.
