BINARY CDD indicates a possible exit from the market of long -term BTC holders

The Binary CDD (Coin Days Destroyed) index, which tracks the activity of the “old” coins of Bitcoin (BTC), began to grow again and reached 0.6. This indicator rises when for a long time unused assets begin to move. Such a dynamics may indicate the intention of long -term investors to sell cryptocurrency against the background of price growth.

On the graph noted by Cryptoquant researchers, it was noted that in the past the growth of Binary CDD above the 0.8 mark coincided with key points on the market. So it was at the end of the bull cycle of 2021 and during the achievement of the historical maximums of Bitcoin in March and December 2024. In both cases, the metric signaled the beginning of active movements of coins, which often followed the pressure from the sellers.

Now the Binary CDD metric is again heading up. According to Cryptoquant, a 30-day sliding average holds at about 0.6. Against the backdrop of the approach of bitcoin prices to the next record peaks, the growth of the index may be a sign that old investors began to move coins, preparing to fix profit.

The level of 0.8 is omteen as a historically important border. The breakdown of this mark has always signaled about mass assets of assets with long -term holders, which ultimately led to kickbacks. If the BINARY CDD growth continues and this level will be overcome, a new wave of sales is possible.

The current situation is similar to the structure of the final stage of growth of 2021. Then the index also rose against the background of the high price and ended with large -scale correction. Similar peaks were already recorded twice in 2024 – both times near local maximums.

The current growth of Binary CDD is an occasion for increased attention. He may talk about preparing for the exit of large market participants. Although there is no final signal yet, the very fact of the resumption of the activity of long -term holders is an alarming bell, especially against the background of the increase in the price of BTC.

Author

Peter Ivanov