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⛓️ Crypto🟢 BullishImportance 6/10
The Old Whales Aren’t Selling: What Bitcoin’s Plunging CDD Multiple Means for the Rally
🤖AI Summary
Bitcoin's Coin Days Destroyed (CDD) Multiple is declining, indicating that long-term holders are not selling their older Bitcoin holdings. This suggests reduced selling pressure in the market and potential support for the current rally.
Key Takeaways
- →A falling CDD Multiple indicates that older Bitcoin holdings are not being moved or sold by long-term investors.
- →Long-term Bitcoin holders are maintaining their positions rather than taking profits during the current market conditions.
- →The lack of movement from older Bitcoin suggests overall selling pressure remains low.
- →This on-chain metric provides bullish support for Bitcoin's current rally trajectory.
Read Original →via CryptoPotato
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