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- The 6–12 month holder cohort contributed to Bitcoin’s recent price stagnation below $100K.
- Declining whale transactions and reduced Open Interest suggested potential short-term sideways movement.
Bitcoin’s [BTC] price performance over the past few weeks has remained subdued, with limited upward movement, despite market anticipation for a year-end rally.
Since mid-December, Bitcoin has failed to sustain levels above the $100,000 mark, fluctuating primarily between $94,000 and $95,000.
This price range reflects a 5.8% decline over the past week. At the time of writing, Bitcoin is trading at $95,657, marking a further 2.5% drop within the last 24 hours.
Who profited during the $100,000 range?
Amid this market stagnation, analysts have turned their focus to investor behavior better to understand the factors behind Bitcoin’s price movement.
A CryptoQuant analyst, Yonsei Dent, has highlighted insights from the Spent Output Age Bands (SOAB) indicator.
This metric tracks Bitcoin sales activity based on the holding periods of investors, offering a clearer picture of selling pressure across different market participants.
The
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