According to one analyst, Bitcoin followers should pay attention to the Spent Output Value Bands indicator to predict the moves of large-scale investors.

The Spent Output Value Bands indicator groups transactions on the Bitcoin network according to the value of previously spent coins.

According to an analysis shared on CryptoQuant, the group worth between $100,000 and $1 million begins to make large-scale transactions intensively during periods when the Bitcoin price rises. This shows that large-scale investors are transferring coins to make profits during bullish periods.

“These zones are generally considered the Distribution phase, where market makers have the opportunity to maximize their returns and minimize risk,” the analyst said. said.

Saying that this indicator “offers a good clue about how large-scale transactions are made on the network,” the analyst commented: This deep analysis is critical for understanding the behavior of the market and investment trends within the Bitcoin ecosystem.

Stay tuned for important data ✅