Crazzyblockk
Long-term Bitcoin Holders Show Minimal Selling Pressure on Binance
Recent on-chain data reveals that only 18% of Bitcoin deposits into Binance come from long-term holders—those holding BTC for over 155 days. This highlights that seasoned investors are largely avoiding significant selling, reinforcing a strong HODLing sentiment despite current market fluctuations. Additionally, Binance inflow CDD (Coin Days Destroyed), a key metric measuring the movement of older BTC, is at its lowest level. This indicates minimal activity from older coins being spent or moved into the exchange, further showcasing the stability and patience of long-term holders. However, it’s important to note that this doesn’t rule out the possibility of selling pressure in the coming days or months. But as of now, data shows that no significant selling pressure has materialized, and long-term holders have remained resilient.