🔥 An important metric in the Bitcoin market has just reached a notable milestone
Coin Days Destroyed (CDD) has hit 24.8 million, the highest in the past 6 years. CDD is a metric calculated by multiplying the number of days Bitcoin has not been traded by the amount of Bitcoin being moved. When looking at the 60-day moving average (60DMA) of CDD, we can see a significant amount of Bitcoin, which has been stagnant for a long time, starting to be moved by its owners.
This indicates significant changes in the behavior of long-term investors in the Bitcoin market.😂