Are Bitcoin whales about to withdraw money? Key metric signals possible to profit

by Barry Solano
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The recent movement of the Bitcoin market reflects an ascending momentum in progress, even if short -term fluctuations suggest a little cooling. To date, BTC is negotiated at $ 103,485, reflecting a slight drop of 0.6% in the last 24 hours and a drop of almost 10% in last week.

However, the asset remains a little less than 5% below its summit of $ 109,000 reached in January, continuing to occupy a position near the record levels. This model suggests that Bitcoin could enter a consolidation phase, supported by long -term bullish fundamentals.

In the midst of this price performance, a renewed activity among long -term holders arouses interest on the sustainability of the current price range and the Future volatile potential.

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Bitcoin Binary CDD signals the potential market rotation

Cryptoque analyst Avocado Onchain recently highlighted A key indicator known under the name of destroyed binary currency (CDD), which helps to assess the behavior of Bitcoin in the long term. The binary fixed -term contract increases when the older parts are moved after long periods of inactivity, generally a sign of long -term holders which reintegrated the market or preparing to sell.

Historically, the tips of the binary fixed -term contract have coincided with the markets of the market or the phases where the distribution of the first holders to the new Market players increase. According to Avocado, the application of a 30 -day mobile average at the Binary CDD smooth the data and provides a clearer view of macro trends.

Destroyed binary currency days (CDD)
Destroyed binary currency days (CDD). | Source: cryptocurrency

During the previous Bitcoin rallies, including at the end of 2021 and during the 2024 twin peaks, the binary fixed cdd exceeded the 0.8 threshold. This level has historically reported high movements of long -term holders, often aligning with Increased sales pressure or for profit.

Currently, the indicator is nearly 0.6 and is on the rise while Bitcoin tries to hold back its peaks. If the binary fixed -term contract again crosses the mark of 0.8, this may suggest that another wave of distribution is underway.

Supervision of profits behavior of profits

What makes the CDD binary useful is its ability to reflect potential changes in the market structure. When long -term holders are starting to move large BTC volumes, this often signals the start of taking advantage, especially if it is accompanied by high prices and a strong market feeling.

However, the indicator alone does not confirm sales; The context, such as broader exchange and commercial data, is necessary to fully interpret it.

In a broader sense, the current increase in the binary fixed -term contract may indicate the bitcoin entering a transitional stage. Rather than reporting the end of an upward trend, this could indicate that notable investors Gradually turn capital or respond to prices’ action in anticipation of short -term changes.

In a separate market signal, another cryptocurrency analyst, Egyhash, highlighted The concerns resulting from the Stablecoins exchange report (USD), a metric that compares bitcoin reserves to stablecoin operations on exchanges.

Ratio Bitcoin Exchange Stablecoins (USD).
Ratio Bitcoin Exchange Stablecoins (USD). | Source: cryptocurrency

According to Egyhash, this ratio climbed to around 5.3, exceeding the 5.0 threshold, which previously coincided the distribution phases on the market.

A level similar to the end of January has led to a decline, and current reading suggests that more traders can prepare to sell, possibly in rotation of BTC assets in stable and fiat equivalents.

Bitcoin (BTC) Price board on tradingView
The BTC price rises on the graph of 2 hours. Source: BTC / USDT on TradingView.com

Star image created with Dall-E, tradingView graphic

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