BITCOIN'S SPENT OUTPUT AGE BANDS SIGNAL PROFIT-TAKING 🟢
• Spent Output Age Bands (SOAB) split daily spent outputs by the age of the coins at the moment they move.
• Each band represents the percentage of spent outputs that were created within the time period denoted.
• Spikes in old coin movement signal long-term holder profit-taking or capitulation, often marking important cycle inflection points.
• This metric helps analyze Bitcoin's on-chain activity and identify potential market trends.
Are you seeing a shift in SOAB patterns? 🟢
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• Spent Output Age Bands (SOAB) split daily spent outputs by the age of the coins at the moment they move.
• Each band represents the percentage of spent outputs that were created within the time period denoted.
• Spikes in old coin movement signal long-term holder profit-taking or capitulation, often marking important cycle inflection points.
• This metric helps analyze Bitcoin's on-chain activity and identify potential market trends.
Are you seeing a shift in SOAB patterns? 🟢
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
