Bitcoin CDD Multiple Indicates Lower Long-Term Holder Selling as Price Holds Near $109K

Bitcoin CDD Multiple indicates fewer coin days destroyed, showing that long-term holders are slowing their spending compared to last year.

With Bitcoin steady near $109K, fewer older coins are moving, signaling reduced selling pressure from long-term investors in the market.

Data shows long-term holders are waiting for stronger price movements, reflecting reduced distribution and greater patience during market consolidation phases.

Bitcoin CDD Multiple data reveals a decline in selling activity from long-term holders, suggesting reduced pressure in the market as prices consolidate.

Long-Term Holders and CDD Multiple

The CDD Multiple tracks on-chain spending intensity against historical averages, providing insights into the activity of long-term holders. It measures the destruction of accumulated “coin days,” which occur when older coins are moved into circulation.

According to data shared by Alphractal on X, long-term holders have continued transferring older coins but at a slower pace compared to 2024. This behavior suggests a shift in market activity as experienced investors refrain from large-scale selling.

The indicator shows a clear reduction in coin day destruction, reflecting stability within the market. Lower movement of old coins often points to holders retaining their positions rather than distributing them.

Market Conditions Around $109K

As of this writing, the price of Bitcoin at $109,381 puts the recent long-term holder activity dip into perspective. In the case of price volatility, investors rely mostly on on-chain metrics to look for sell pressure indicators.

The reduced pace of long-term holder spending implies that fewer mature coins are entering the market at current price levels. This has historically been linked to accumulation phases or periods when investors anticipate stronger moves.

By holding coins instead of distributing them, long-term participants may be signaling confidence in retaining their assets despite current fluctuations. This creates an environment where supply pressure appears lower than in previous months.

Reduction in Selling Pressure

Compared to the heightened activity seen in 2024, the recent months demonstrate a much calmer trend from long-term holders. The shift highlights the slowdown in selling pressure as coin day destruction levels remain well below last year’s pace.

This reduced spending indicates that experienced investors are waiting for more favorable conditions before making major moves. Such restraint often aligns with market phases where volatility persists but underlying holder behavior reflects patience.

Overall, the decline in CDD Multiple activity shows a measured approach by long-term holders, consistent with patterns observed during prior accumulation or consolidation phases.

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