The post Bitcoin CDD Shows Uptick In Coin Movement — Early Signs of Profit-Taking? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has maintained its position above the $100,000 mark since early May, peaking at $112,000 and signaling strong bullish sentiment. This historic breakout has set the stage for a potentially massive run, as institutional demand, macroeconomic pressure, and on-chain dynamics align. However, despite bullish control, the market is beginning to show signs of hesitation. Growing global tensions, particularly around trade policies and rising US Treasury yields, are creating uncertainty across financial markets, and Bitcoin is not immune. On-chain data sheds light on evolving investor behavior. The Coin Days Destroyed (CDD) indicator—which tracks how long Bitcoin has been held before being moved—reveals that while the 90-day moving average remains moderate around 14 million CDD, the 21-day moving average is ticking upward. This suggests that some long-term holders are starting to move their coins, a potential sign of early profit-taking or preparation for volatility. Although the increase is not extreme, it adds a layer of caution to the bullish narrative. As Bitcoin consolidates around current levels, analysts are watching closely for a clear signal. Whether this movement foreshadows a breakout or a broader correction remains to be seen, but momentum remains on the bulls’ side for now. Bitcoin Consolidates As CDD Signals Cautious Optimism Amid escalating global tensions, Bitcoin appears to be holding its ground, trading steadily above the $105,000 mark. After reaching an all-time high of $112,000, the price has entered a consolidation phase as bulls defend critical demand while struggling to confirm a new breakout. This period of sideways movement reflects uncertainty across financial markets, as systemic risks grow and macroeconomic volatility—fueled by an unstable bond market—continues to mount. Despite the indecision, some on-chain data suggests Bitcoin may be preparing for its next major move. Top analyst…

---

Filed under: News - @ June 4, 2025 4:23 am