An interesting dynamic in the cryptocurrency market is that long-term holders play a significant role in shaping trends. The Binary Coin Days Destroyed (CDD) metric helps analyze their activity. If the CDD value is above the average, this may indicate possible selling pressure.

Recently, Binary CDD increased sharply when Bitcoin reached a new record of $108K. This may indicate that long-term holders consider this level to be advantageous for selling, reducing their market exposure. If the selling pressure intensifies, this could lead to increased volatility and a potential price correction.