๐ Bitcoin Long-Term Holder Indicator: Calm Before the Storm?
The Coin Days Destroyed (CDD) metric โ which tracks movements of long-dormant BTC โ shows ancient coin activity is 2x below its annual average.
Translation? Long-term holders arenโt sellingโฆ yet.
๐จ Historical spikes in CDD (green circles on charts) have marked cycle tops โ notably around $70K and $100K in this cycle. But right now? Itโs quiet. Too quiet. ๐ต๏ธ
Even Roger Verโs coin movements barely nudged the market โ just some short-lived FOMO.
This calmness from OG wallets = strong HODL conviction and potentially more upside before distribution kicks in.