@BOMBERuss 8 October 2021 more from that month

BTC has been getting more expensive for some time, but CDD is still below the levels of three months ago. This means that old coins do not move, and long-term holders still do not intend to part with the cryptocurrency. CDD of Bitcoin! CDD evaluates the life cycle of the coin involved in the transaction. In particular, it shows how many days before the transaction the coin was stationary. Every day, while the coin is lying motionless, it accumulates in the so-called coin days. As soon as it is used in a transaction, these days "burn out". Thus, the CDD indicator shows how many "coin days" are burned on each particular day. The higher this value, the longer the coins lay motionless before they were used. The indicator often grows before price peaks and during the first correction after the crash. This is due to the fact that long-term investors leave the market after feeling weakness. During the bull market of 2020/2021, the BTC rate skyrocketed on January 8. Then the price broke through $40,000 for the first time. Then market participants began to take profits and CDD reached 36 million. Another peak was recorded on July 31. This is a bearish signal, since the growth was only a correction after a long period of sales. However, in the current bullish trend, CDD has grown only to 15 million (black arrow). This value is comparable to the indicators of the end of May-beginning of June, when the BTC rate fell to $ 30,000. Thus, BTC is growing, but long-term holders are in no hurry to spend their coins. This means that the bull market has not yet peaked. #CryptoTrading