Bitcoin Long-Term Holders Actively Moving: Binary CDD Approaches 0.6

The Bitcoin on-chain metric, Binary Coin Days Destroyed (Binary CDD), is showing signs of increased activity. Binary CDD measures the time it takes for coins to remain stagnant before being moved. This metric tends to spike when long-term holders sell their Bitcoin, leading to a potential market price change. 0.6 is approaching as an indicator of potential changes in supply and demand. 2021 and 2024 saw similar spikes as Bitcoin’s prices surged, suggesting that long-term holders were likely selling or transferring coins to new investors.