Bitcoin is still under pressure, as its price decreased to less than 85,000 dollars. At the time of writing this report, bitcoin value is estimated at $ 84.397, which represents a 2.4 % decrease over the past 24 hours and a large decrease of 13.7 % during the past week.
These market conditions have sparked a set of analyzes, with many indicators on the series that offer an insight into the behavior of the current investor.
The latest spike of Bitcoin can refer to a transformation on the market
One of the main indicators High Recently by a Cryptoquant analyst known as Banker, it is the measurement of the destroyed currency days (CDD). According to Banker, the currency scale that was destroyed (CDD) – a measure of the weighted economic activity in the age of the mineral currencies that are transported – witnessed a significant increase.
The CDD index for 60 days, which combines destroyed currency days for two months, indicates that the metal currencies kept for extended periods are now spent at a much higher rate.
This trend, which was observed from November 2024 to February 2025, indicates that long -term holders are increasingly active in the market, which may indicate a pivotal moment for Bitcoin.
Banker explains that high CDD values are often associated with important market events. In this case, the continuous rise in a long -term standing activity may hint to achieve profits, re -customize assets, or expect increasing market fluctuations.
Although it is not unusual for the long -term bitcoin holders transporting coins during the major price transformations, the current trend represents the most powerful CDD signal since 2021. Historically, these patterns have preceded the market transformation points, making this scale a basic set to see.
Why cdd matters
It is worth noting that the destructive destroyed working days differ from the extent of the typical treatment because it gives more weight the currencies that have been without touching for longer periods. Every day, non -carrier “Currency Days” accumulates, and when a pregnant woman finally transmits these coins, these days are “destroyed.”
CDD for 60 days effectively tracked long -term feelings by detection when these experienced participants decide to act. As we mentioned earlier, the consistent increase in CDD often reflects the increasing willingness among its owners in the long run to achieve profits or re-put their portfolios-which can affect the morale of the broader market.
Banker notes that this height may indicate more than just correction of the bitcoin price. With their long -term holders moving their official currencies at a fixed pace, the market can go towards “healthier reset”.
This type of activity often paves the way for new expatriates to intervene, which may settle the market and create opportunities for fresh capital flows. However, the effects of it depends largely on the context of the broader market, including macroeconomic factors and investor confidence.
A distinctive image created with Dall-E, the tradingView chart
