Selling pressure from long term holders appears to be fading and we can clearly observe this through CDD (Coin days destroyed), especially when using a 30 day moving average to reduce noise.
Reminder : CDD is a simple tool to help you understand the behavior of Bitcoin holders.
It is built around a straightforward concept : the number of days a BTC was held before being spent (UTXO).
For example, if you hold 1 BTC for 1 000 days and then spend it, the CDD equals 1 000.
When BTCs start moving, it is often a sign that selling may be on the horizon but not necessarily that it is already happening. And that is exactly where this indicator helps by gauging potential upcoming selling pressure, particularly from LTH.
Today we can see that after a slight and fairly normal rise, CDD is now declining and this is even more visible on the heatmap.
The CDD value currently stands at 500K, a neutral level following a slight uptick that failed to exceed 800K, even as BTC trades above 110 000 dollars, while it had gone well beyond 1 million in January 2025 and March 2024.
This confirms that some light profit taking occurred, but once again, we are seeing relatively neutral behavior in the face of an uncertain market.
Written by Darkfost
