news 
**Those who profited from the genuine increase in Bitcoin’s value are actually those who held onto their coins for an extended period**
A recent analysis of Spent Output Age Bands (SOAB) data revealed some surprising insights about the beneficiaries of the recent surge in Bitcoin’s value. It appears that it was not the short-term holders, but rather those who have held onto their Bitcoins for an extended period, typically between 6-12 months, who were able to reap significant profits.
This is a stark contrast to the popular narrative that it was the whales or large-scale investors who benefited from the price increase. In reality, it’s the long-term holders who have been patiently waiting out the volatility of the cryptocurrency market and have seen their investment grow exponentially.
Another interesting observation is the sudden drop in transactions over $100,000, which could be an indication of a lack of confidence among institutional investors or large-scale traders. According to IntoTheBlock data, the number of such transactions has plummeted from around 40,000 at the beginning of December to just over 16,700 by December 25th.
This sudden drop in high-value transactions is concerning, as it may indicate a decrease in buyer demand and a loss of faith among institutional investors. It’s possible that these large-scale traders are no longer confident in Bitcoin’s ability to continue its upward trajectory, leading them to hold back on their purchases.
It’s worth noting that the long-term holders who have seen significant gains from their investment may still be optimistic about the future prospects of Bitcoin and are likely holding onto their coins for further growth.
Source: www.bitcoinbazis.hu
