NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

This Bitcoin Metric Suggests Selling Pressure May Be Reaching Exhaustion

Keshav Verma
Keshav Verma
2 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

On-chain data shows the Bitcoin binary CDD has been going down recently, a sign that selling pressure may be getting exhausted in the market.

Bitcoin 21-Day MA Binary CDD Has Been Observing Downtrend Recently

As pointed out by an analyst in a CryptoQuant post, there was some heavy distribution going on in the market just a while ago. The relevant indicator here is “Coin Days Destroyed” (CDD). A coin day is the amount that 1 BTC accumulates after sitting still in a single address for 1 day.

When a coin that was previously dormant (and was thus carrying some coin days) makes some movement on the chain, its coin days counter resets back to zero, and the coin days it had accumulated are said to be “destroyed.” The CDD metric measures the total amount of such coin days being destroyed across the network on any given day.

When this indicator has a large value, it means long-term holders are possibly moving or selling their coins as this cohort tends to stack up huge numbers of coin days. “Binary CDD,” the version of the metric being used here, tells us whether the supply-adjusted CDD is more or less than the average supply-adjusted CDD.

Related Reading: Bitcoin Bottom Or More Pain? Here’s What BitMEX Founder Arthur Hayes Thinks

As the name already implies, this indicator can have only two values, 0 and 1. It’s 0 when the Bitcoin CDD is less than the average, while it’s 1 when it’s more. Here is a chart that shows the trend in the 21-day moving average value of this metric over the last few months:

Bitcoin CDD

Looks like the 21-day MA value of the metric has been on the way down in recent days | Source: CryptoQuant

As you can see in the above graph, the 21-day MA Bitcoin binary CDD had been climbing up between mid-October and late November, suggesting that the long-term holders were dumping. The BTC price took a large hit while this trend was taking place. However, in the last couple of weeks or so, the indicator has been rapidly going down instead.

Related Reading

Bitcoin NASDAQ

Quant Explains How This Nasdaq Support Retest Could Also Help Reverse Bitcoin

2 years ago

This could be a sign that the selling pressure that was previously present in the BTC market is now getting exhausted, which is something that can pave way for a bottom formation in the price.

BTC Price

At the time of writing, Bitcoin’s price floats around $17k, down 1% in the last week. Over the past month, the crypto has gained 1% in value.

Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

altcoins

Những đồng crypto đáng mua nhất khi dự luật tiền mã hóa mới của Mỹ mở ra làn sóng đầu tư

Mới đây, một dự luật tiền mã hóa mới đã được giới thiệu tại Mỹ với mục tiêu “giữ cho...

Bảo Lê 56 minutes ago
Beste crypto om nu te kopen: Solana, Dogecoin en Shiba Inu koers klaar voor altcoin rally?

Mùa tăng giá tiền mã hóa đã đến: 3 altcoin hàng đầu nên mua và nắm giữ

Thị trường crypto đang bước vào giai đoạn bull run sôi động, với giá Bitcoin tiến sát mức đỉnh lịch...

Bảo Lê 56 minutes ago
Bitcoin Crypto

アルトコイン注目:Twitter創業者が語る「100万ドルのBTC予測」とは?このトークンで波に乗れ

Twitter創業者のジャック・ドーシーが、ビットコイン(BTC)の価格が100万ドルに到達するという強気な見通しを再び示しました。現在すでにBTCが10万ドルを突破する中、多くの投資家が「次に利益を...

Yohei Hanazato 1 hour ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Raliul crypto a sosit: top 3 altcoins de cumpărat și păstrat

Raliul crypto a sosit: top 3 altcoins de cumpărat și păstrat

newsbtc 17 minutes ago
Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next?

Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next?

Sebastian Villafuerte 56 minutes ago
OpenAI Announces Deep & Utah Prepares Bitcoin Bill. Can These AI Meme Coins Soar 100x?

AI Tiết Lộ: Altcoin Này Sẽ Bùng Nổ Mạnh Nhất 2025

Bảo Lê 56 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • The market value of Bitcoin has successfully exceeded...

    4 hours ago
  • CoinACE Opens Pre‑Registration for June 1 Early Access...

    6 hours ago
  • STAU Foundation Announces Official Listing of Digital Gold...

    6 hours ago
  • Earn $6,779 a day by remotely launching a Bitcoin miner...

    6 hours ago
  • As Bitcoin prices soar, cloud mining becomes a new favorite...

    6 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.