PANews reported on December 26 that CryptoQuant analyst Yonsei_dent said that the Spent Output Age Bands (SOAB) indicator showed that long-term holders (LTHs) locked in significant profits during the bull market from November to December 2024. Investors with a holding period of 6 to 12 months were the most active in selling. Most of these investors bought Bitcoin when the spot ETF was launched at the beginning of the year, and their selling activities put some downward pressure on the price of Bitcoin. However, strong demand kept the price of Bitcoin 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.