The Bitcoin “Exchange Inflow CDD” indicator for Binance has dropped significantly to a value of 380, marking its lowest level since September 2017.
Coin Days Destroyed (CDD) is a metric that gives more weight to coins that have been held for a long time. High values indicate that long-term holders (LTHs) are moving old coins, usually to sell. Conversely, this historic low in Exchange Inflow CDD indicates that the Bitcoin currently being deposited into Binance consists almost entirely of “young” coins or short-term speculative trading.
What makes this data point critical is the context of the price. With Bitcoin trading near $89.6K, we are seeing a massive divergence. Typically, all-time highs trigger profit-taking from vintage coins (spiking the CDD). However, the current drop implies that Smart Money and long-term whales are absolutely unwilling to liquidate their positions on the world’s largest exchange at these prices.
The absence of selling pressure from older coins suggests a strong conviction in higher prices and a dominant holding behavior, removing significant supply overhang from the market.
Written by CryptoOnchain
