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Bitcoin CDD Indicator Analysis: Bull Market Signal?

Time:2024-03-22 Click:73


Cryptocurrency news:

- The CDD indicator (coin days destroyed) increases when the spending activity of long-term investors increases;

- Binary CDD and Supply-adjusted CDD indicators gradually increased over the past 6 months;

- The rate of price growth was approximately +186%, indicating the transition of BTC from long-term holders to short-term holders;

- This movement is similar to what was observed at the end of 2020, when the previous bull market began;

- Predicting that future market movements will mirror the past is risky, but it is impossible to deny the similarity of the current movement to past trends.

标签:bitcoin BULL CDD

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