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Hold Tight! Crypto Long-Term Believers Signal Bullish Future
May 7, 2024
< 1 min read
by Coinpedia
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The post Hold Tight! Crypto Long-Term Believers Signal Bullish Future appeared first on Coinpedia Fintech News
Recent data from CryptoQuant shows long-term Bitcoin holders are keeping a tight grip on their holdings, with the Binary Coin Days Destroyed (CDD) index registering a low 0.14285714. This indicates minimal movement over the past week, signalling increased confidence in the Bitcoin price. This loyalty is often bullish, reflecting a joint idea of a bull run coming soon. Their reluctance to sell and Bitcoin registering a 10% in the last 7 days increases the possibility of an uptrend.
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