Glassnode’s latest analysis highlights a significant drop in Bitcoin’s Binary Coin Days Destroyed (CCD) indicator, signaling reduced activity from long-term holders. This trend reflects a decrease in sell-side pressure, suggesting that seasoned investors are holding firm. However, the market may require fresh catalysts to encourage supply movement. The CCD metric measures the selling behavior of long-term holders, and its current decline points to a more stable market environment. As Bitcoin continues to consolidate, all eyes are on potential triggers that could reignite activity in the market.
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