BITCOIN'S SPENT OUTPUT AGE BANDS SIGNAL STRONG BULLISHNESS š¢
ā¢ Bitcoin's Spent Output Age Bands (SOAB) are currently at 60.4%, indicating a strong bullish sentiment.
ā¢ This metric measures the percentage of spent outputs that were created within the last 155 days, signaling a high level of investor activity.
ā¢ SOAB has been steadily increasing since the start of 2024, coinciding with Bitcoin's price surge.
ā¢ As Bitcoin's price continues to hover around $84,436, SOAB's strong reading suggests that investors are holding onto their coins, waiting for further price appreciation.
Are you buying the dip? š¢
š Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
ā¢ Bitcoin's Spent Output Age Bands (SOAB) are currently at 60.4%, indicating a strong bullish sentiment.
ā¢ This metric measures the percentage of spent outputs that were created within the last 155 days, signaling a high level of investor activity.
ā¢ SOAB has been steadily increasing since the start of 2024, coinciding with Bitcoin's price surge.
ā¢ As Bitcoin's price continues to hover around $84,436, SOAB's strong reading suggests that investors are holding onto their coins, waiting for further price appreciation.
Are you buying the dip? š¢
š Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
