Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm
The post Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm appeared on BitcoinEthereumNews.com.
Bitcoin is testing uncharted territory after breaking past its previous all-time high of $112,000 last Thursday, igniting a powerful new phase in the bull market. With the price currently hovering above $117,000, bulls are firmly in control as optimism spreads across the crypto market. The breakout comes after weeks of tight consolidation, signaling renewed confidence among investors and traders. On-chain data from CryptoQuant adds further support to the bullish narrative. The Coin Days Destroyed (CDD) metric—used to assess whether long-term holders are selling—has returned to a relatively low average despite the rise in price. This suggests that experienced holders are not offloading their positions, but instead continuing to hold through the rally. With long-term holders largely inactive and momentum accelerating, Bitcoin appears to be entering a decisive phase. As macroeconomic conditions remain favorable for risk assets, and with institutional demand rising, all eyes are now on how BTC behaves at these new highs—and whether the rest of the crypto market will follow its lead. Bitcoin Prepares For A Massive Surge Bitcoin continues to trade above key psychological and technical levels, signaling that the market is entering an expansion phase with the potential for a massive surge. After clearing its previous all-time high and consolidating around $117,000, Bitcoin’s structure looks increasingly bullish. Analysts and traders are closely watching on-chain indicators to confirm whether long-term holders are beginning to exit, but so far, the data suggests they are not. Top analyst Darkfost shared relevant insights regarding the Coin Days Destroyed (CDD) metric, a key tool used to assess long-term holder activity. CDD calculates how long a Bitcoin stays unmoved before a transfer, revealing long-term participants’ behavior. Recently, the metric saw a sharp spike, raising initial concerns about possible distribution. However, it was later confirmed that the move involved 80,000 BTC in an…
