📌 What is CDD?
CDD refers to a metric that considers the "age" of the Bitcoin amount being transferred before the transfer. In other words, the movement of $BTC that has been sitting in a wallet for a long time has a much greater impact on the metric. Therefore:
Low CDD: Movement of newly acquired coins (trader effect)
High CDD: Movement of old coins (HODLers) (loss of confidence or profit realization)
📊 Graph Interpretation:
Horizontal Trend – First 10 Days
The graph progresses relatively horizontally in the early days. This indicates that long-term investors are not moving their coins, and confidence in the market continues. Volatility is low, and profit has not been realized.
Beginning of an Uptrend – Middle Section (Days 10-20)
CDD enters an upward trend. This indicates that some old coins have started to move. Generally, such movements may carry signals like:
Preparation for sale by long-term investors who have been waiting for a long time
Reorganization of large whale wallets.
Sharp Rise – Last 5-7 Days
The sharp increase in recent days is striking. These movements can mean several things:
A strong wave of profit realization has begun.
Uncertainty has increased, and long-term investors have turned to selling.
It may be "preparation" before a significant price movement.
The trend is positive but caution is needed: If this increase coincides with a price increase, HODLers may be taking profits.
Not panic selling: If this CDD is rising without a price drop, this could be a healthy profit-taking behavior.
High CDD = Greater impact: At these levels, a continued rise in CDD could pave the way for larger price movements.
This rise in CDD indicates that long-term players are gradually coming to the forefront. This may signal that prices are approaching a peak or indicate that high volatility awaits us in the coming days.
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