Record Binance Inflow CDD Spike: Are LTHs Taking Profits at 75K?

Record-Binance-Inflow-CDD-Spike-Are-LTHs-Taking-Profits-at-75K

Following Bitcoin’s drop from its 127,000 peak in October to a 63,000 low in February, the price has recovered to the 75,000 zone as of mid-April. However, on-chain data reveals a critical signal. On April 14, the Exchange Inflow CDD for Binance reached its highest level since early 2023, recording a massive spike of approximately 2,594,392.

This historic surge coincides exactly with the recent price recovery, strongly suggesting that long-term holders are moving dormant coins to exchanges to secure profits. Such behavior introduces significant potential selling pressure, establishing a formidable resistance barrier around the 75,000 mark. Traders are advised to exercise caution and monitor the market closely for incoming volatility.