**Bitcoin's March 2024 Peak: An Interim Top, Not the Final One**

In March 2024, Bitcoin achieved a new all-time high, prompting speculation about whether this was the final market top. However, on-chain data analysis suggests otherwise. The Binary Coin Days Destroyed (CDD) indicator, which tracks long-term holder activity, shows that while profit-taking occurred, it has not yet reached the critical red zone typically seen before a final market top.

Current data indicates that long-term holder activity and selling pressure are relatively low. This implies that the market has not fully matured and we are still distant from the ultimate peak of the bull market. March’s high appears to be an "interim top," leading to a temporary consolidation phase.

The market is currently in a "cooling-off" period, adjusting both price and time. Once this phase concludes, another upward movement is likely. Renewed activity from long-term holders and a rise in Binary CDD to the red zone will signal the next significant price adjustments.