This Late-Stage Bitcoin Bull Run Signal Hasn’t Shown Up Yet
The Bitcoin Binary Coin Days Destroyed (CDD) has not yet reached the peaks observed during previous price tops. The 30-day moving average of the Binary CDD is currently around 0.6. CDD tracks the total number of coin days reset when dormant coins are moved, indicating potential selling activity from long-term holders. The Binary CDD takes values of 0 or 1, reflecting whether the CDD is below or above historical averages, adjusted for circulating supply. Recent trends show an upward trajectory in the 30-day MA, suggesting increased activity among long-term holders as Bitcoin approaches its all-time high. However, the current Binary CDD value remains below the 0.8 level seen during previous rallies. Bitcoin's price is approximately $102,300, having increased over 3% in the past week.
