CryptoQuant Analyst: Bitcoin CDD Indicator Hits Six-Year High as Large Number of Long-Term Holders Begin to Move Funds
On December 31, CryptoQuant analyst Maartunn released data showing that Bitcoin's Coin Days Destroyed (CDD) 60-day moving average reached a six-year high of 24.8 million. The CDD indicator measures changes in the behavior of long-time holders by calculating the “number of days of dormancy × amount of money transferred”. The CDD indicator measures changes in the behavior of long-term holders by calculating “days of dormancy × amount transferred,” and the current data suggests that a large number of long-dormant bitcoins are being moved.
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