Publikovat

📊 $BTC Long-Term Holder Activity Is Picking Up After falling to a 2-year low, Bitcoin’s CDD (30-day moving average) has started trending higher again. CDD, or Coin Days Destroyed, measures how long a UTXO has remained dormant before being spent. The longer the $BTC was held, the greater its contribution to CDD — making it a useful indicator for tracking long-term holder activity. At first glance, the rising CDD could suggest that long-term holders are moving more coins and potentially increasing selling pressure. Historically, significant LTH movement can sometimes signal distribution. ⚠️ But there’s an important factor to consider. The recent increase appears to be heavily influenced by the Coldcard event, which prompted many long-term holders to move their $BTC for security-related reasons rather than for selling. This is supported by the sharp increase in LTH spent UTXOs around the end of July, occurring at roughly the same time. So, while LTH activity is clearly increasing, the current data shouldn’t automatically be interpreted as aggressive selling. The key question now is whether CDD continues rising alongside genuine exchange inflows and distribution — or stabilizes as the security-related transfers fade. #Gold4300EasingOrHedge #ColdcardLossesGrow