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📊 $BTC Long-Term Holder Activity Is Starting to Rise After dropping to a 2-year low, Bitcoin’s 30-day average CDD (Coin Days Destroyed) has begun moving higher again. CDD tracks how long Bitcoin remains dormant before being spent. The longer coins are held, the more CDD they generate, making it a useful metric for monitoring long-term holder (LTH) activity. At first glance, rising CDD could indicate that long-term holders are moving more coins, potentially increasing selling pressure. Historically, large LTH movements can sometimes be associated with distribution. ⚠️ But there’s an important detail here. The recent spike appears to be significantly influenced by the Coldcard-related event, which led many long-term holders to move their $BTC for security reasons rather than to sell. This is also reflected in the sharp rise in LTH spent UTXOs toward the end of July, which happened around the same period. So while LTH activity is clearly picking up, the current data shouldn’t automatically be viewed as aggressive selling. 👀 The key thing to watch now is whether CDD continues climbing alongside real exchange inflows and distribution — or starts stabilizing once the security-driven transfers fade. #Gold4300EasingOrHedge #ColdcardLossesGrow #AIMemorySelloffEases