Bitcoin CDD Multiple Suggests Reduced Selling Pressure from Long-Term Holders as Price Stabilizes Near $109K

• CDD Multiple drop signals fewer old coins moving into circulation.

• Long-term holders are holding more, easing selling pressure around current price levels.

• On-chain data and market price near $109K suggest consolidation, not broad distribution.

Bitcoin CDD Multiple shows declining selling pressure from long-term holders as BTC consolidates near $109K — read insights and next steps from COINOTAG.

Bitcoin CDD Multiple data reveals reduced selling pressure from long-term holders as the price steadies near $109K, suggesting market stability.

What is Bitcoin CDD Multiple?

Bitcoin CDD Multiple is an on-chain metric that compares current coin-day destruction to its historical average to measure how intensively older coins are being spent. A lower CDD Multiple indicates fewer long-held coins moving, which often corresponds with reduced selling pressure and more market stability.

How are long-term holders behaving now?

Recent on-chain snapshots indicate that long-term holders are moving coins at a slower rate compared to 2024. Data reported by Alphractal (shared on X) shows fewer coin days destroyed, meaning experienced investors are largely retaining positions rather than distributing them.

Why does lower coin-day destruction matter?

Lower coin-day destruction reduces immediate supply pressure by keeping mature coins off the market. When long-term holders refrain from selling, price moves tend to reflect demand-side activity more than a sudden increase in circulating supply.

When has a similar pattern been observed previously?

Historically, reduced CDD Multiple readings have coincided with consolidation or accumulation phases. In past cycles, periods with sustained low coin-day destruction preceded stronger directional moves once demand absorption resumed.

Market context: Bitcoin near $109K

As of this update, Bitcoin trading around $109,381 places the current CDD Multiple decline in context: prices are consolidating while fewer mature coins are entering the market. This dynamic can support steadier price action if demand remains constant.

What should investors watch next?

Monitor CDD Multiple alongside exchange flows, realized metrics, and spot liquidity. A sustained low CDD Multiple with rising demand metrics would suggest accumulation. Conversely, a sudden spike in coin-day destruction could indicate renewed distribution by long-term holders.

Frequently Asked Questions

How reliable is CDD Multiple for gauging holder behavior?

CDD Multiple is a robust on-chain signal for the activity of long-term holders because it weights older coins more heavily. It should be used alongside exchange flows and realized metrics for a fuller market picture.

Can CDD Multiple predict price tops or bottoms?

CDD Multiple alone cannot predict exact tops or bottoms. It provides context on holder distribution; combining it with volume, order-book, and macro indicators improves predictive power.

Key Takeaways

• CDD Multiple decline: Fewer coin days destroyed signals reduced selling from long-term holders.
• Market stability: Bitcoin consolidating near $109K with lower distribution suggests less immediate supply pressure.
• Watch indicators: Track CDD Multiple alongside exchange flows and realized metrics for clearer signals.

Conclusion

Bitcoin’s CDD Multiple decline indicates long-term holders are exercising restraint, reducing selling pressure as BTC consolidates near $109K. This on-chain trend, combined with price context, points to measured market behavior. Follow coin-day destruction alongside liquidity and demand metrics for the next actionable signals. — COINOTAG