CDD (Coin Days Destroyed) Data Shows That Mini Noel Rally is Possible
#Bitcoin CDD measures the behavior of long-term investors (LTH). The CDD bars on the chart have been irregular in recent weeks but not excessively high. In addition, CDD-SMA(30/50/100).
Short-term averages are not breaking upwards. This is very important because long-term coins are not flowing into the exchange en masse. In other words, whales are not aggressively selling.
When the
$BTC CDD sharply rises on the chart, the price is generally seen to be near its peak. Usually, a correction or volatility squeeze follows.
Accord