Analyst: Investors holding BTC for 6-12 months have been the most active sellers recently

Odaily Planet Daily News. CryptoQuant analyst Yonseident stated that the Spent Output Age Bands (SOAB) indicator shows that Bitcoin (BTC) long-term holders (LTHs) locked in significant profits during the Bull Market period from November to December 2024. Investors with a holding period of 6 to 12 months have been the most active in selling recently. These investors mostly purchased BTC when the Spot ETF was launched earlier this year. Their selling activity has exerted some downward pressure on the BTC price. However, strong demand has kept the BTC price in the range of $90,000 to $100,000. Meanwhile, investors with a holding period of over one year have sold less during this period. The 'Binary CDD' indicator shows that the selling volume of old BTC coins in December has decreased compared to November, indicating that most long-term holders may still expect further price pump.