- Bitcoin’s Coin Days Destroyed (CDD) is trending lower, suggesting reduced selling activity from long-term holders.
- Realized Price keeps rising, showing that investors are still accumulating Bitcoin during the current market consolidation.
Amid the uncertain Bitcoin market conditions, there is one interesting signal observed by on-chain analyst Darkfost on CryptoQuant: selling pressure from long-term holders is starting to ease. This is clearly seen through the Coin Days Destroyed (CDD) indicator, which has actually decreased in recent times even though the price of Bitcoin has danced above $110,000.
For those who are not familiar, CDD can be said to be a way of measuring the “age” of Bitcoin when it is finally moved from a wallet. The longer the coin is still, the higher its value when it finally moves.
However, what is happening now is the opposite. CDD has actually dropped to 500,000—a number that tends to be neutral—and has not returned to high levels like in January 2025 or March 2024, when it had reached one million.
This means that there is a possibility that some long-term holders are taking light profits, but there has not been a big wave that indicates panic selling. The heatmap also shows a calm pattern, not one that indicates massive selling pressure.
Realized Price Shows Bitcoin Demand Remains Unshaken
On the other hand, another on-chain analyst who also appears quite regularly, Crypto Dan, noted that investors are still buying Bitcoin even though the price is already high.
Through the Realized Price indicator—which reflects the average BTC purchase price—it is clear that since the beginning of 2024, investors’ buying prices have continued to climb. This is not just a statistical figure. If you imagine it in everyday life, this is like someone who is still willing to buy a house amid rising property prices, because they are sure that its value will continue to rise.
Furthermore, this Realized Price does not indicate one or two people who are buying on a whim, but a reflection of collective buying. Crypto Dan said that if this trend persists, the price of Bitcoin could actually increase again after this consolidation phase passes. And it makes sense—if people are still willing to buy at the current price, they are clearly not preparing to run away.
However, the current market picture remains full of uncertainty. CNF previously reported that the price of BTC was still stuck in the range of $100,000 to $110,000. Traders themselves are divided between those who are long and those who are short.
While short positions continue to rise, which could be a sign that some of the market is starting to doubt the strength of the current rally, long-term holders remain calm. Even some whales are suspected of accumulating secretly.
Not only that, the difference between short-term and long-term trader sentiment further strengthens the narrative that the demand structure for Bitcoin is much stronger than in previous cycles. If in the past the price surge was accompanied by a massive outflow from old wallets, now it is the opposite—the old are still holding, and the new are still buying.
Meanwhile, as of press time, BTC is trading at about $103,816.60, down 2.00% over the last 24 hours and 6.88% over the last 30 days.
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