Old $BTC is not selling and that matters.
What the data says:
Supply-Adjusted Coin Days Destroyed (CDD) stays low. This tells us long-term holders are mostly holding their coins, even with recent price swings.
What happened recently:
We saw a small, short-lived spike in CDD, likely some profit-taking but it quickly cooled down. No follow-through selling.
Why this is important:
When long-term holders start exiting at scale, CDD stays elevated. That’s usually how major tops form.
Right now, we’re not seeing that.
Bottom line:
Recent volatility looks like short-term noise, not long-term distribution.
As long as old coins stay dormant, Bitcoin’s broader uptrend remains intact.
BTC
88,015.01
-2.40%