Bitcoin’s dual CDD (Coin Days Destroyed) gauge showing in the green suggests that investors holding onto their cryptocurrencies for the long term are not actively selling. This trend typically reflects a strong belief in potential future price hikes, with these holders anticipating higher valuations ahead. Furthermore, the uptick in Bitcoin’s funding rate indicates that traders taking long positions are prevailing and are willing to pay those holding short positions, further bolstering the optimistic sentiment in the market.
