Recent on-chain data shows that the Bitcoin Binary Coin Days Destroyed (CDD) has remained at low levels. The CDD metric measures the total number of coin days being reset throughout the network on any given day. When this indicator has a high value, it implies that a large number of coin days are being reset in the market currently, which is a sign of movement from the “long-term holders” (LTHs). However, the current low value of the CDD suggests that there hasn’t been any significant destruction of coin days in the market recently, indicating that LTHs haven’t been making any moves out of the ordinary. This can be constructive for the price in the long term.
All Comments