BTC prices slide where bitcoin holders begin in the long run to achieve profits

Analysts on the Cryptoquant series believe that it is time to monitor the activity of Bitcoin in the long term (BTC). This is due to its impact on the price path of the leading cryptocurrency.

According to a report By Avocado Onchain, the days of the bilateral currency that were destroyed (CDD) indicate that the long -term BTC holders began to make profits amid another bitcoin gathering.

Long -term holders get profits

CDD tells the average life of the coins that you spend or transport in any treatment by hitting their number by the days when they were kept before spending. The two CDD explains whether the movement of metal currencies is due to historical spending patterns. This means that the scale reveals whether the modified CDD is updated or lower the historical average of the wallet on any specific day.

The binary CDD gives an insight into the long -term spending patterns in the encryption market. This scale is high when the long -term BTC holders become active, indicating that long coins have begun to move. However, the indicator becomes low when long -term holders become inactive.

It is worth noting that the two -term CDD mutations start their bonds while increasing Bitcoin to the highest level. In the last stage of the 2021 bull race, the moving average increased for 30 days for the two -day CDD from 0.8 as investors in the long term began to achieve profits. Likewise, the scale also rose to 0.8 when BTC jumped to new levels in March and December 2024.

Bitcoin cools

Avocado Onchain revealed that the bilateral CDD has been rising again, along with bitcoin prices over the past few days. Currently, the scale hovers about 0.6, indicating that long -term holders make profits. The constant height is about 0.8 is a sign that this group of investors still empty their assets, and are likely to be in the short term.

As experts expected, BTC is now cooling after its last gathering, which pushed prices to an area at the height of purchase on the highest time frames. Cryptopotato I mentioned that the assets showed signs of exhaustion after climbing to the main resistance level near $ 106,000.

At the time of writing this report, it was the leading encryption assets Hand change About 102,390 dollars, after it decreased by approximately 3 % of the range of $ 105300. Regardless of the summary correction, analysts say Bitcoin may correspond to the ongoing bull running.