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CATEGORY: coin days destroyed

Bitcoin Binary CDD Stays Low, Here’s What This Means
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 18, 2023 10:35

Bitcoin Binary CDD Stays Low, Here’s What This Means

On-chain data shows the Bitcoin Binary Coin Days Destroyed (CDD) has stayed low recently. Here’s what this says about the current market. Bitcoin Binary CDD Has Remained At Very Low Levels Recently According to data from the on-chain analytics firm Glassnode, this indicator attained high values during the 2021 bull run. To understand the CDD [...]

The post Bitcoin Binary CDD Stays Low, Here’s What This Means appeared first on Crypto Breaking News.

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Hodlers keep accumulating Bitcoin in wake of US regulation onslaught
Author: Andjela Radmilac
United States
Source: CryptoSlate
Jun 14, 2023 01:10

Hodlers keep accumulating Bitcoin in wake of US regulation onslaught

Amidst market uncertainty and regulatory crackdowns, Bitcoin's long-term holders have been unfazed, steadily accumulating the digital asset. As a key market sentiment indicator, these investors showcase resilience in the face of chaos. But what happens when we dive into the data, uncovering a dramatic accumulation spike in early May and its correlation with the Coin Days Destroyed 90 metric? Unravel the enigmatic relationship between these metrics and the unwavering faith in Bitcoin's future held by long-term investors...

The post Hodlers keep accumulating Bitcoin in wake of US regulation onslaught appeared first on CryptoSlate.

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