See More

BTC On-Chain Analysis: CDD Falls to New Yearly Low

2 mins
Updated by Ryan James
Join our Trading Community on Telegram

In Brief

  • CDD has fallen to a new yearly low.
  • CYD is close to 2019 levels.
  • Short-term holders are incurring heavy losses.
  • promo

Coin days destroyed

Binary Coin Days Destroyed (Binary CDD) is computed by taking the average CDD, and comparing it to the daily CDD. A value of 1 is given is the daily CDD is higher than the average, and a value of 0 is given if it is low.

Since June 1, only four days have had higher than average CDD. This means that less and less long-term holders are selling.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

Top crypto projects in the US | April 2024

Trusted

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Valdrin-Tahiri.jpg
Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst. (I do not have a discord and will not contact you first there. Beware of scammers)
READ FULL BIO
Sponsored
Sponsored