Bitcoin’s positive dual CDD (Coin Days Destroyed) metric suggests that investors who have held onto their coins for a long time are refraining from selling. This is often seen as a sign of optimism regarding future price hikes, as these holders anticipate higher valuations down the line. Moreover, the uptick in Bitcoin’s funding rate indicates a strong presence of long-position traders who are eager to compensate short-position holders. This trend further bolsters the bullish sentiment surrounding the cryptocurrency.
