The chart, Coin Days Destroyed (CDD), lets us read the behavior of long-term #Bitcoin investors together with the price. This metric specifically answers the question “Are old coins moving?”, which is a critical signal for market direction.

CDD in Profit has been high recently. That means long-term investors are realizing gains. However, this selling is not continuous.
At past major tops, as CDD rises, the price begins to weaken. In the current situation, it’s notable that the price is still strong and remains in a horizontal-upper band. An increase in CDD isn’t pulling the price downward. In other words, there is selling, but demand is absorbing that selling.
CDD in Loss indicates that there is no regular panic selling across the broader market. If these sell-offs increase from time to time, it suggests that the risk of a sharp downward breakdown at this stage is currently low.
The LTH/STH Supply Ratio shows that the weight of long-term investors is increasing. Short-term speculative supply is decreasing. This is generally consistent with a continuation of the trend or an upside move after consolidation.
As the chart shows, long-term investors are taking profits, but these sellings can’t suppress the market. The dominance of long-term holders continues to rise. That means the conditions needed for a move downward are not present. Even though an upside move is still early, the groundwork is being laid. This chart clearly shows a medium-term consolidation before the trend.
⚠️ Not #reklam or investment advice. This analysis is my personal opinion. It contains no certainty.