Bitcoin’s Binary CDD Decline Suggests Gradual Rally Potential Amid Sideways Price Movement
Main Idea
Bitcoin's Binary CDD decline suggests a gradual rally potential amid sideways movement, indicating a cooling phase in the market with reduced activity from long-dormant wallets.
Key Points
1. Bitcoin's Binary CDD has declined, signaling a cooling phase in the market and reduced activity from long-dormant wallets.
2. The current trend resembles a 'stair-step' rally, reflecting a gradual upward movement without excessive short-term overheating.
3. Past instances of Binary CDD cooling have aligned with gradual market recoveries rather than sharp reversals, fitting the current pattern.
4. Low selling pressure and stable long-term holder behavior support structural market resilience amid the cooling Binary CDD.
5. Changes in custody solutions, institutional management, and OTC transactions have complicated traditional interpretations of Binary CDD spikes.
Description
Bitcoin’s Binary CDD has recently declined, indicating a gradual stair-step rally pattern that cools short-term heat while sustaining long-term bullish momentum. Binary CDD turned lower after a brief rise, suggesting
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