Bitcoin Enters Transition Phase as Dormant Coins Begin Moving
- Bitcoin on-chain data points to a market reset despite rising CDD activity.
- Dormant Bitcoin is moving again, but low exchange inflows suggest limited selling pressure.
- Long-term holders remain confident as MVRV and NUPL signal a healthier market balance.
Bitcoin on-chain data shows the market is more balanced than simply being in a โbullโ or โbearโ phase.
While Coin Days Destroyed (CDD) has shown some major spikes in July, other indicators, such as NUPL and MVRV, suggest that the market is cooling down rather than experiencing a major sell-off.
The data points to a healthy market reset, where long-term holders are becoming more active, but there are few signs of panic selling or large-scale profit-taking.
Dormant Bitcoin Is Starting to Move
Notably, CDD tracks the movement of older Bitcoin by measuring how long coins remained inactive before beingโฆ
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