Bitcoin’s dual CDD (Coin Days Destroyed) metric showing as green suggests that long-term holders are refraining from major movements of their digital assets. This pattern typically reflects a sense of assurance in potential price hikes, with these holders anticipating greater values in the days ahead. Furthermore, the rise in Bitcoin’s funding rate indicates a prevalence of long-position traders who are eager to compensate short-position holders, further bolstering the optimistic outlook.
