CryptoQuant analyst: Bitcoin investors with a holding period of 6-12 months have been the most active in selling recently

CoinRank News: CryptoQuant analyst Yonsei_dent said that the Spent Output Age Bands (SOAB) indicator shows that long-term holders (LTHs) locked in significant profits during Bitcoins bull run from November to December 2024. 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 the spot ETF was launched at the beginning of the year, and their selling activities have put some downward pressure on Bitcoin prices. However, strong demand has kept Bitcoin prices in the range of $90,000 to $100,000. At the same time, investors with a holding period of more than one year sold less during this period, and the Binary CDD indicator showed that the sales of old Bitcoin coins in December decreased compared with November, indicating that most long-term holders may still expect prices to rise further.