Bitcoin faced a notable sell pressure earlier today, with its price trading as low as $74,604. However, at the time of writing, the asset is seeing a quiet rebound with prices now hovering back above $79,000. Regardless of this slight uptick, the asset is still down by 3.1% in the past day and nearly 30% from its peak above $109,000 registered in January. According to CryptoQuant contributor IT Tech, a significant shift may be underway. Related Reading: Understanding Bitcoin Struggles: Why Realized Cap Indicates A Bear Market Old Coins Starts To Move: Sell Off ahead? In a recent analysis titled “Massive spike in Exchange Inflow CDD signals old coins are waking up,” IT Tech noted a considerable surge in the Exchange Inflow Coin Days Destroyed (CDD) metric. CDD measures the movement of older coins—those that have not changed hands for a long time. When coins with high coin days are moved, it often indicates that long-term holders are transferring their assets to exchanges, potentially with the intent to sell. Historically, spikes in Exchange Inflow CDD have preceded large price correc ..
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