BITCOIN SPENT OUTPUT AGE DISTRIBUTION SIGNALS SHORT-TERM HOLDER ACTIVITY • Bitcoin's Spent Output Age Distribution (SOAD) metric shows a significant increase in short-term holder activity, with 30-day and 60-day age bands dominating the chart. • This suggests that a large portion of Bitcoin's on-chain activity is driven by short-term holders, who are likely trading or selling their coins. • The SOAD metric is currently signaling a decrease in long-term holder activity, which could indicate a shift in market sentiment. • Are you concerned about the impact of short-term holder activity on Bitcoin's price?

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