BITCOIN'S SPENT OUTPUT AGE BANDS SIGNAL STRONG BULLISHNESS 🟢
• Bitcoin's Spent Output Age Bands (SOAB) are currently at 60.4%, indicating a strong bullish sentiment.
• This metric measures the percentage of spent outputs that were created within the last 155 days, signaling a high level of investor activity.
• SOAB has been steadily increasing since the start of 2024, coinciding with Bitcoin's price surge.
• 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? 🟢
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• Bitcoin's Spent Output Age Bands (SOAB) are currently at 60.4%, indicating a strong bullish sentiment.
• This metric measures the percentage of spent outputs that were created within the last 155 days, signaling a high level of investor activity.
• SOAB has been steadily increasing since the start of 2024, coinciding with Bitcoin's price surge.
• 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? 🟢
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
