Bitcoin’s Value Days Destroyed (VDD) metric has shown a decline, signaling reduced selling pressure from long-term holders. This easing is creating opportunities for market stabilization and potential recovery, according to analysts. 📈
Experts highlight that Bitcoin’s historical price movements have been influenced by the actions of long-term holders. As VDD nears levels seen during previous corrections, it indicates a decrease in dormant coin selling pressure. This change may create conditions for renewed upward market momentum if demand picks up. 💪
CryptoQuant researchers emphasize that sustained demand is crucial for Bitcoin’s recovery. If the easing trend continues, we could see some relief from selling pressure and a potential start to a positive price movement.