【CryptoQuant Analyst: Bitcoin Investors with a Holding Period of 6-12 Months Have Recently Been the Most Active Sellers】 According to Golden Finance, CryptoQuant analyst Yonsei stated that the Spent Output Age Bands (SOAB) indicator shows that during the 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 recently been the most active sellers; these investors mostly bought Bitcoin when the spot ETF was launched at the beginning of the year, and their selling activity has put some downward pressure on the Bitcoin price. However, strong demand has kept the Bitcoin price within the $90,000 to $100,000 range. Meanwhile, investors with a holding period of over one year have sold relatively little during this period, and the Binary CDD indicator shows that the amount of old coins sold in December decreased compared to November, indicating that most long-term holders may still expect prices to rise further.

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