Tag: Coin Days Destroyed

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Veteran Bitcoin hodlers are still selling record low amounts of BTC despite 70% gains in 2021

December 28, 2021

It’s “younger” BTC bought at the summer $30,000 lows that’s moving in Q4, data shows. Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows. According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains…
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Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining

April 11, 2021

Bitcoin on-chain data reveals that speculators and long-term holders have become increasingly confident of higher prices as their selling activity has slowed down significantly. For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of…
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