After days of liquidations and fear in the markets, Bitcoin’s long-term holders (LTHs) are finally blinking.
📉 According to CryptoQuant, CDD (Coin Days Destroyed) on exchanges just hit a 30-day high, up over 850% since the start of April.
This means old coins — the kind usually held tight by experienced investors — are now on the move to exchanges. And when the “strong hands” flinch, markets pay attention. 👀
👉 At the same time, BTC’s taker sell ratio (a key derivatives market indicator) remains below 1, signaling more sell pressure than buys.
💬 Is confidence slipping?
Despite a small recovery in price, falling CMF (Chaikin Money Flow) points to weak buy demand. If this continues, Bitcoin could slide back toward $74,000. A bounce? Possible — but it’ll take strong fresh demand to push BTC past $80K again.
#Bitcoin #BTC走势分析 #CryptoMarkets #OnChainData #CryptoQuant
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