Apr 8, 2025
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Long-Term Bitcoin Holders Transfer Coins Amid Market Uncertainty
Bitcoin's price briefly dropped to $74,604 but rebounded to above $79,000. It remains down 3.1% over the past day and nearly 30% from its January peak of over $109,000.
Old Coins Start to Move: Sell Off Ahead?
- Analysis shows a spike in Exchange Inflow Coin Days Destroyed (CDD), indicating older coins are being moved.
- This movement often suggests long-term holders may sell their assets.
- Historically, such spikes preceded significant price corrections.
- The recent surge coincided with Bitcoin’s drop from $82,000 to $76,000.
- If the trend continues, it could signal bearish market conditions as dormant coins re-enter circulation.
Bitcoin Short-Term Metrics Indicate Possible Cooling Trend
- Short-term holder behavior is analyzed through realized price data.
- Realized prices for coins held from one week to three months indicate market health.
- Current data shows downward trends in these realized prices, similar to previous peaks in April and November 2021, and March 2025.
- If losses persist among newer holders, further downside may occur.
- Past bear cycles saw these metrics mark bottom zones where prices found support and reversed.
