The Bitcoin market is experiencing a notable surge in long-term holder activity, with the Monthly Cumulative Distribution Days (CDD) to Yearly CDD ratio hitting 0.25—levels reminiscent of past peaks in 2014 and 2019. This ratio signals that experienced holders are actively moving dormant coins onto the market. Even though more long-term holders are selling their Bitcoin, strong demand from treasuries and steady investment into Bitcoin ETFs are likely to keep the price rally going. This selling may slow down the pace of gains, but it probably won’t stop the rally.
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