Are Bitcoin Whales About to Cash Out? Key Metric Signals Possible Profit-Taking Ahead
Bitcoin trades at $103,485, with a 0.6% dip in the last 24 hours and a nearly 10% decline over the past week, remaining just under 5% below its all-time high of $109,000. This indicates a potential consolidation phase supported by long-term bullish fundamentals. Increased activity among long-term holders raises questions about price sustainability and future volatility. The Binary Coin Days Destroyed (CDD) indicator, which tracks the movement of dormant Bitcoin, is currently near 0.6 and trending upward. A rise past 0.8 may indicate increased selling pressure from long-term holders. Additionally, the Exchange Stablecoins Ratio has reached approximately 5.3, suggesting more traders might be preparing to sell and rotate BTC holdings into stablecoins or fiat.
