The Old Whales Aren’t Selling: What Bitcoin’s Plunging CDD Multiple Means for the Rally

Bitcoin briefly neared $76,000 on Tuesday, a level seen for the first time in six weeks, in spite of the global uncertainty as the conflict in the Middle East entered its third week. Data from Alphractal shows that Bitcoin’s Coin Days Destroyed (CDD) Multiple has fallen to its lowest level since 2022. This indicates minimal movement of older units. Veteran Holders Stay Put Alphractal explained that the metric, …