Coin Days Destroyed has hit a five-year high, according to data from CryptoQuant. Maartunn, an author of the on-chain analytic platform, also discussed this in a recent piece.
Historically, when the CDD hits a peak on the 60-day Moving Average , it means that long-term holders are distributing their coins.“This pattern indicates that during the bullish phase, there is a distribution of older coins. In historical contexts, it may take up to 5 months for Bitcoin to reach its peak.”At press time, BTC changed hands at 69,663, indicating that the coin has been moving sideways in the last 24 hours.
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BEFE Coin: The rising star poised to rival SHIBA INU and PEPE coinBEFE directly competes with the likes of SHIBA INU and PEPE COIN. If we were to look into SHIBA INU, its tokenomics doesn't make any sense.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Comparing the Rise of SLERF, Shiba Inu, and BEFE Coin: Which Meme Coin Reigns Supreme?Among all the cryptocurrencies, the BEFE token has experienced a remarkable growth trajectory that is not simply a result of market frenzy..
Source: CryptoAmb - 🏆 22. / 68 Read more »
Exploring BEFE Coin’s potential to emulate SHIBA INU and PEPE COIN’s successBacked by Bitgert, BEFE Coin united profit and innovation which shows its potential to emulate Shiba Inu and PEPE coins.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitgert Coin’s appeal extends to various coin communities: Here’s whyOne word that sums up cryptocurrency perfectly is “unpredictable.” We have all just witnessed Bitcoin's all-time high and now...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: Are investors bullish despite BTC’s correction?Bitcoin’s [BTC] price touched an all-time high recently as its value went above the $69k mark but the trend changed soon
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: Beware of ‘speculative’ BTC, warns SEC’s GenslerGensler's timely warning addressed concerns over cryptocurrency reliability, emphasizing the price trajectory of assets like Bitcoin.
Source: CryptoAmb - 🏆 22. / 68 Read more »