Bitcoin Price Action: Divergence Between Long-Term Potential and Near-Term Volatility

Bitcoin’s price hovered near $108,590 today, down 1.11% but displaying contradictory signals on the charts. Whales realized over $4 billion in profits, with mega whales selling for over $2 billion. Meanwhile, Supply-Adjusted Coin Days Destroyed (CDD) spiked to 5.6, indicating older coins moved as long-term holders trimmed their exposure and potentially signaled future strength. The crypto market saw a similar divergence of sentiment. Some traders perceived bullish signals, while others noted cautionary signs.