Bitcoin Long-Term Holders HODL Tight: Is a Breakout Imminent?
On-chain data from CryptoQuant adds to the optimism. The Binary Coin Days Destroyed (CDD) metric—which tracks the movement of long-dormant coins—shows that ancient coin activity is currently twice below its annual moving average. Historically, spikes in CDD often signal the beginning of distribution phases by long-term holders. The current subdued activity, however, suggests that seasoned investors remain confident, opting to hold rather than sell.