Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
ANALYSIS: Investors Who Have Held Bitcoin for 6 to 12 Months Are Most Active in Selling Bitcoin

ANALYSIS: Investors Who Have Held Bitcoin for 6 to 12 Months Are Most Active in Selling Bitcoin

Bitget2024/12/26 20:43

The Spent Output Age Bands (SOAB) metric provides insight into how bitcoin is being spent (i.e., sold), categorised by investors' holding periods, according to CryptoQuant analyst Yonsei_dent. Long-term holders (LTHs) realised significant potential profits during the bitcoin bull market of November and December 2024, suggesting that some investors sold some of their bitcoin holdings to lock in gains.

 


Investors with holding periods of six to 12 months were the most active in selling bitcoin. These investors primarily purchased Bitcoin in early 2024 when the Bitcoin Spot ETF was launched. Selling activity by this group may have put downward pressure on the bitcoin price. Strong demand still keeps bitcoin in the $90,000 to $100,000 range. Investors who have held Bitcoin for more than a year have hardly sold Bitcoin during this period.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!