According to Foresight News, CryptoQuant analyst Yonsei_dent has provided insights into Bitcoin selling trends using the Spent Output Age Bands (SOAB) metric, which categorizes Bitcoin sales based on the holding period of investors. During the Bitcoin bull market in November and December 2024, long-term holders (LTHs) realized significant potential profits, indicating that some investors sold portions of their Bitcoin holdings to secure gains.
Investors with a holding period of 6 to 12 months were the most active in selling Bitcoin. This group primarily purchased Bitcoin at the beginning of 2024 when Bitcoin spot ETFs were launched. Their selling activity may have exerted downward pressure on Bitcoin prices. Despite this, strong demand has kept Bitcoin within the $90,000 to $100,000 range. Investors holding Bitcoin for over a year showed minimal selling activity during this period.
