Bitcoin’s Coin Days Destroyed (CDD) metric has experienced a significant surge, suggesting heightened activity among long-term holders as the cryptocurrency trades between $106,000 and $118,000. The CDD ratio of 0.25 recorded in this range approaches historical levels last observed during the 2014 market peak and the 2019 correction period.
This notable increase indicates that holders who have maintained Bitcoin positions for extended periods are moving their assets, reflecting strategic market behavior. The CDD metric quantifies economic activity by calculating accumulated coin days—each representing one coin held unchanged for one day—that are destroyed upon transaction execution.
Market analysts interpret the movement as a potential indicator of persistent bullish momentum. The behavior pattern mirrors previous cycles where similar CDD spikes preceded sustained upward trends, suggesting near-term continuation could follow the current trajectory.