Bitcoin Faces Bearish Scenario After Fifth Binary CDD Signal

Bitcoin-Faces-Bearish-Scenario-After-Fifth-Binary-CDD-Signal

As bulls and bears battle for market control, the question arises: has Bitcoin formed a local bottom to pursue new highs, or is it merely a pullback that could lead to further declines? On-chain data reinforces confirmation of a bearish scenario.

Metrics Overview

- On November 23, the Binary CDD signaled “1” for the fifth time in this cycle; in the previous four instances, a correction followed;
- Previous occurrences: March 11 and 23, 2024; November 29, 2024; November 1, 2025;
- Coin Days Destroyed increased, indicating that a significant number of old coins were reactivated. This is a strong signal of distribution. The threshold to trigger the signal is ≥ 14,000,000, and the latest recorded value was 25,600,284.87.

CONCLUSION
With liquidity under pressure and long-term holders signaling distribution, the market points to a continued risk of correction.