According to Deep Tide TechFlow news on July 5, crypto analyst Willy Woo revealed that when long-dormant Bitcoins start to move, the market seems to value Bitcoin higher in the long term. Willy Woo stated that approximately 80,000 'ancient' Bitcoins transferred to a new wallet address yesterday, and this action pushed the CVDD bottom model price of Bitcoin from $35,000 to $37,000.
It is said that CVDD (Cumulative Value Days Destroyed) is an on-chain metric used to assess the value of Bitcoin. When Bitcoin is transferred from an old investor who bought it at $1 to a new investor who bought it at $100,000, the new investor will evaluate the value of these Bitcoins at a higher baseline, which helps to elevate the overall baseline price at which Bitcoin is recognized globally.
