Bitcoin Holders Stay Firm: Sell Pressure Eases Amid Reduced Activity
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. We'd Love to Hear Your Thoughts on This Article!Was this writing helpful?