Hello friends, let's make an up-to-date analysis using the Binary CDD metric specifically for Bitcoin. First of all, this metric is one that rises when coins that have been inactive for a long time start to move. When long-term holders are not active, the value tends to remain low.

When the value of Bitcoin reaches all-time highs while the Binary CDD rises, it may indicate that long-term holders are transferring their coins to short-term participants to sell. Particularly during the second phase of the 2021 bull run and during the periods when Bitcoin reached all-time highs in March and December 2024, the Binary CDD has been seen to exceed 0.8. Currently, as Bitcoin's price recovers, the Binary CDD is hovering around the 0.6 level, and according to the metric, it is still seen that Bitcoin is being held, but if it moves upwards and exceeds 0.8, we might consider that long-term holders are preparing to take profits. #bitcoin