According to Odaily, Bitwise's Head of European Research, Andrรฉ Dragosch, shared insights on X using Glassnode data, highlighting a significant trend among Bitcoin holders. Dragosch noted that some long-term holders, often referred to as HODLers, are currently 'unhodling' their tokens. This term refers to the act of selling or spending Bitcoin that has been held for a long period. The data reveals that the realized profits for Bitcoin long-term holders have reached their highest point since July 2024.
Additionally, the Coin Days Destroyed (CDD) metric has also surged to its highest level since July 2024. CDD is a measure used to assess the economic activity of Bitcoin by calculating the total number of days that all spent Bitcoins have been held. When Bitcoin is spent, the Coin Days it accumulated while being held are destroyed. This metric provides insight into the behavior of Bitcoin holders and the movement of coins within the market. The increase in CDD suggests a notable shift in the activity of long-term Bitcoin holders, indicating that more coins are being moved or sold after being held for extended periods.
