BITCOIN'S SPENT OUTPUT AGE DISTRIBUTION SIGNALS LONG-TERM HOLDER CONFIDENCE
• Bitcoin's Spent Output Age Bands (SOAD) metric shows 62.90% of supply has not moved for a year or more, indicating long-term holder confidence. 🟢
• This suggests that a significant portion of Bitcoin's supply is being held for the long term, rather than being actively traded.
• The metric also shows that spent outputs are realizing a slight aggregate profit, indicating that long-term holders are not selling at a loss.
• This is a bullish signal for Bitcoin, as it suggests that long-term holders are confident in the asset's value and are not rushing to sell.
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
• Bitcoin's Spent Output Age Bands (SOAD) metric shows 62.90% of supply has not moved for a year or more, indicating long-term holder confidence. 🟢
• This suggests that a significant portion of Bitcoin's supply is being held for the long term, rather than being actively traded.
• The metric also shows that spent outputs are realizing a slight aggregate profit, indicating that long-term holders are not selling at a loss.
• This is a bullish signal for Bitcoin, as it suggests that long-term holders are confident in the asset's value and are not rushing to sell.
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH