BITCOIN'S SPENT OUTPUT AGE BANDS SIGNAL BULLISHNESS 🟢
• The Spent Output Age Bands (SOAB) metric measures the percentage of spent outputs created within a specified age band, currently showing a spike in activity from coins held for 1-2 years.
• This indicates a shift in investor behavior, with long-term holders moving their coins, potentially signaling a bullish trend.
• The current price of Bitcoin ($84,339) is also supported by the SOPR (Spent Output Profit Ratio) metric, which has turned bullish, indicating that spent coins are being sold at a profit.
• Are you buying the dip? 🟢
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• The Spent Output Age Bands (SOAB) metric measures the percentage of spent outputs created within a specified age band, currently showing a spike in activity from coins held for 1-2 years.
• This indicates a shift in investor behavior, with long-term holders moving their coins, potentially signaling a bullish trend.
• The current price of Bitcoin ($84,339) is also supported by the SOPR (Spent Output Profit Ratio) metric, which has turned bullish, indicating that spent coins are being sold at a profit.
• Are you buying the dip? 🟢
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
