📊 Bitcoin: CDD Multiple Signals Strong Long-Term Holder Conviction
CDD Multiple has dropped to its lowest level since 2022, indicating that old BTC is barely moving and long-term holders are not selling. Many have already distributed coins at higher prices, resulting in the market circulating mostly younger supply.
What the Metric Shows
CDD Multiple measures the intensity of Coin Days Destroyed relative to its historical average. By normalizing current CDD against a long-term baseline, it reveals whether long-term holders are spending coins at unusually high or low rates.
When the Metric is Low:
• Old coins remain dormant
• Long-term holders are holding
• Selling pressure from mature supply is minimal
Historically, these periods often occur during consolidation phases before the next major move. Data > Narratives.
CDD Multiple has dropped to its lowest level since 2022, indicating that old BTC is barely moving and long-term holders are not selling. Many have already distributed coins at higher prices, resulting in the market circulating mostly younger supply.
What the Metric Shows
CDD Multiple measures the intensity of Coin Days Destroyed relative to its historical average. By normalizing current CDD against a long-term baseline, it reveals whether long-term holders are spending coins at unusually high or low rates.
When the Metric is Low:
• Old coins remain dormant
• Long-term holders are holding
• Selling pressure from mature supply is minimal
Historically, these periods often occur during consolidation phases before the next major move. Data > Narratives.
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🇸🇻🗣 #BTC Bukele: The same critics who opposed investing in Bitcoin now want to dictate how we should use the profits.
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🕵️ As the market moves up, several short positions of 0x58bro — including $ENA, $LTC, $BNB, $BTC, $ETH, and $HYPE — have been liquidated.
Yet he is still shorting against the trend, depositing 7.81M $USDC into Hyperliquid to add to his $BTC and $ETH shorts.
Despite this, he is still profitable overall, with total profits exceeding $32.8M.
Yet he is still shorting against the trend, depositing 7.81M $USDC into Hyperliquid to add to his $BTC and $ETH shorts.
Despite this, he is still profitable overall, with total profits exceeding $32.8M.
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🐳 Now, Bitcoin’s Whale vs Retail Delta is lower than that of altcoins, indicating that whales are more inclined to close their longs or open more shorts on BTC compared to altcoins. Retail traders, conversely, are showing more interest in longing Bitcoin, likely due to a belief that BTC still has downside potential while altcoins have already dropped significantly.
If the Whale vs Retail Delta turns negative for both BTC and altcoins, it could signal a bearish market in the coming days, as whales typically have a greater influence on price movements. This situation requires close monitoring.
If the Whale vs Retail Delta turns negative for both BTC and altcoins, it could signal a bearish market in the coming days, as whales typically have a greater influence on price movements. This situation requires close monitoring.