🚨 OLD BITCOIN WALLETS JUST DID SOMETHING THEY ONLY DO NEAR BOTTOMS.
90 day $BTC Coin Days Destroyed just pivoted.
This metric tracks when OLD coins move.
It bottomed twice before in bear markets.
2018: price bottomed 119 days after the CDD pivot. 2022: price bottomed 35 days after.
We are now 84 days past the pivot.
Right inside the historical window.
90 day $BTC Coin Days Destroyed just pivoted.
This metric tracks when OLD coins move.
It bottomed twice before in bear markets.
2018: price bottomed 119 days after the CDD pivot. 2022: price bottomed 35 days after.
We are now 84 days past the pivot.
Right inside the historical window.