Long-Term Bitcoin Holders Sell as Market Rally Continues
Main Idea
The Bitcoin market is seeing increased activity from long-term holders, with a key metric reaching levels similar to past market peaks, suggesting significant movement despite potential selling pressure.
Key Points
1. The Monthly Cumulative Distribution Days (CDD) to Yearly CDD ratio has reached 0.25, similar to levels seen in 2014 and 2019.
2. Long-term holders are increasingly selling their Bitcoin.
3. This selling activity is unlikely to halt the current market rally.
Description
The post Long-Term Bitcoin Holders Sell as Market Rally Continues appeared first on Coinpedia Fintech News The Bitcoin market is experiencing a notable surge in long-term holder activity, with the Monthly Cumulative Distribution Days (CDD) to Yearly CDD ratio hitting 0.25—levels reminiscent of past peaks in 2014 and 2019. This ratio signals that experienced holders are actively moving dormant coins onto the market. Even though more long-term holders are selling their Bitcoin, strong demand from ...
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