The Old Whales Aren’t Selling: What Bitcoin’s Plunging CDD Multiple Means for the Rally
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Crypto: Bitcoin neared $76,000 on Tuesday, the highest level in six weeks, holding up despite the Middle East conflict entering its third week (market resilience amid geopolitical risk). Alphractal reports Bitcoin's Coin Days Destroyed (CDD) Multiple at its lowest since 2022, indicating minimal movement of older BTC and suggesting long-term holder retention and reduced immediate supply pressure (CDD, Coin Days Destroyed, market impact).
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Bitcoin briefly neared $76,000 on Tuesday, a level seen for the first time in six weeks, in spite of the global uncertainty as the conflict in the Middle East entered its third week.
Data from Alphractal shows that Bitcoin’s Coin Days Destroyed (CDD) Multiple has fallen to its lowest level since 2022. This indicates minimal movement of older units.
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