Mignolet
density of Binary CDD data is increasing.
high density of Binary CDD data can be interpreted as frequent movements of long-term holders. In an upward cycle, the movement of long-term holders increases as the price rises (orange boxes), and in a downward cycle, it decreases (blue boxes). This pattern has been repeating since the previous cycles. Starting from the sideways movement in January, a similar phenomenon is observed. The second picture shows Binary CDD data with a 182-day moving average, and the point where it moves beyond the accumulation period (green box) can be considered the starting point of a bullish trend. It's still worth monitoring, but finally, it has broken out of this range. If it strongly surpasses this range, there is a high possibility that a full-fledged upward price cycle is beginning.