$BTC During this correction, many investors may be tempted to panic and act on emotion.



This isn’t the case for LTH (Long Term Holders), meaning those who have held their BTC for more than 6 months.

A 2020 study demonstrated that the probability of movement for these BTC collapses past 155 days of inactivity.

— To capture these movements made by LTH, the CVDD adds a value dimension to CDD.
For those unfamiliar with Coin Days Destroyed, it simply calculates the number of days a BTC was held before being moved.

The higher this is, the more it indicates LTH are active. The CVDD additionally provides valuation information on this activity.

Currently the CVDD is reaching a value typically seen during bear markets or deep corrections, around 0.3.

When it exceeded 2, and even surpassed 4 in March 2024, this surge in activity and the value tied to these movements was often associated with top periods.

Today, LTH are keeping a cool head and likely waiting for BTC to climb further before taking profit. That’s probably the best behavior to have right now.
BTC1.64%
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LiquidityLifeguard
· 2h ago
CVDD has dropped to 0.3, and seasoned investors are all pretending to be dead, waiting for a new high.
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TheSkyInsideTheMirroredSphere
· 2h ago
CDD adds value dimensions, on-chain data is becoming more detailed.
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ExitLiquidityPoet
· 2h ago
This metric is interesting; the longer the coin has been held, the more it can withstand.
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MempoolDrifter
· 2h ago
March 2024, when it hits 4, is indeed at the peak; this time, it's the other way around.
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GateUser-0aa20a11
· 3h ago
Research from 2020 is still usable today, indicating that human nature hasn't changed.
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MempoolMaggie
· 3h ago
LTH is as steady as an old dog, 155 days without moving is faith
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