Bitcoin’s price dropped to $74,604 earlier in the day, putting it under significant sell pressure. At this time, Bitcoin is experiencing a slight rebound, with its price hovering just above $79,000.
This slight increase is not enough to offset the fact that the cryptocurrency has still fallen by nearly 30% since its January peak of $109,000. CryptoQuant contributor IT Tech says that a significant shift may be underway.
Old Coins Moves: Is it time to sell?
Recent analysis entitled “Massive spike in Exchange Inflow CDD signals old coins are waking up,”IT Tech reported a significant increase in Exchange Inflow Coin Days (CDD) metrics. CDD measures the movement of older coins—those that have not changed hands for a long time.
It is often a sign that the long-term owners are moving their coins to an exchange, possibly with the intention of selling.
Exchange Inflow CDD spikes have historically preceded major price drops. IT Tech noted that this latest spike in the metric occurred at the same time as Bitcoin dropped from $82,000 down to $76,000. This suggests that veteran investors may be getting ready to sell. liquidate their positions.
This behavior can increase the pressure to sell, especially during volatile market conditions. The market could reach a turning point as investors look to make profits. broader market uncertainty. It could also be seen as a negative signal if this pattern continues. Coins that had been lying dormant months or years may now enter circulation.
The Bitcoin short-term metrics indicate a possible cooling trend
Meanwhile, on a separate webpage analysisBilalHuseynov, another CryptoQuant Analyst offered insight into the short-term behavior of holders through the lense of realized price data.
The post is titled “Bitcoin: Realized Price – UTXO Age Bands,” the analyst examined how the realized prices for coins held by short-term investors—specifically those held for one week to one month and one to three months—can reveal the health of the ongoing market trend.
The UTXO bands can be used to determine if recent purchasers are in profit or in loss. These bands tend to move upwards in bullish phases. signaling accumulation. At the top of the market, however, lines are flattened or tend to decline. This indicates that short-term players have a tendency to distribute.
Huseynov believes that the data currently available reflects this. The price curve for the 1-month-to-3-month period is descending, echoing previous patterns at previous peak in April 2021 and in November 2021. More recently, in March 2025.
The trend could be a sign that investors will capitulate and sell their shares, leading to further declines. In previous bear markets, these bands were often wider than they are now. marked bottom zones Prices are supported and reverted where they find support.
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Source: www.newsbtc.com
