Bitcoin currently trades within a small range. It is caught between $113K, the resistance level and the support of $110K. After recent pullbacks the bulls have struggled to get back into momentum, and mounting selling pressure is continuing to impact short-term sentiment. Investors are indecisive, and both sides wait for a breakout to determine the next big move.
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Even though the outlook is less positive in the short term, it remains optimistic for the longer-term. Darkfost’s top analyst says that while the CDD average remains elevated, it has begun to decrease. Its value is down by more than half from the previous high, signaling that old coin movement has slowed. This suggests that long-term holdings are easing and the market is getting some breathing room.
Even if short-term volatility continues, this trend could strengthen Bitcoin’s bullish long-term outlook. This combination of declining long term volatility and resilient support levels could reinforce Bitcoin’s bullish outlook. holder Selling pressure could set up a more robust recovery when external catalysts such as Federal Reserve policies shifts provide clarity.
A Strong LTH Movement and Resilient demand
Darkfost reported that this market just saw the biggest movement in old Bitcoins (LTHs). These long-term coin holders who usually keep their coins for extended time periods dormant have seen a rise in the price of Bitcoin. moving BTC is being re-circulated in significant quantities. This development is notable because it marks the strongest wave of activity by long-term holders since the start of the current bull market cycle.
The fact that Bitcoin has not corrected more than 10% to 13% of its previous highs despite this heavy selling pressure by these experienced investors is what makes it so striking. This is, by historical standards, a modest decline, which suggests that the market has remained resilient.
Darkfost explains that this is where the Coin Days Destroyed metric (CDD), which measures how long BTC has been held before being moved, becomes crucial. CDD measures how long BTC was held prior to being transferred. When older coins are suddenly spent, it typically reflects distribution by experienced holders—often interpreted as profit-taking or a shift in positioning. CDD spikes are a sign of significant pressure to sell.
But the most important thing to note is that this surge in demand has been absorbed by the market remarkably. The selling seems to have been offset by institutional inflows and treasury stock accumulation. While this doesn’t completely remove downside risk—especially if further long-term holders decide to exit—the market’s ability to withstand such a strong wave of distribution without a deeper crash is encouraging.
Bitcoin is still a strong structure, despite its temporary difficulties. The redistribution phase may serve as an effective reset if the demand is strong enough to continue. Investors must remain vigilant: the markets are not in the clear yet.
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Pricing Support after Pullback
Bitcoin’s current price is around $112-870. It has made a modest comeback after its recent pullback. The all-time high was near $124,500. Chart shows BTC in consolidation after months of gains. Price action is now above the 100 day moving average (green lines) and testing mid-term trends.
Short-term resistance is provided by the 50-day moving median (blue line), which sits slightly above current prices. A decisive break above this level could open the door for another attempt at the $120K–$123K zone, which remains the critical resistance for bulls to reclaim in order to re-enter price discovery.
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On the downside, support is forming around the $110K–$108K range, close to the rising 100-day moving average, which has held well during previous corrections. This level is important because a breakdown would lead to an even deeper correction towards the 200 day moving average near $82K. But this would take strong selling.
Chart from TradingView, Featured Image from Dall E
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Source: www.newsbtc.com
