市值: $3.3401T -0.830%
成交额(24h): $100.8368B 22.900%
  • 市值: $3.3401T -0.830%
  • 成交额(24h): $100.8368B 22.900%
  • 恐惧与贪婪指数:
  • 市值: $3.3401T -0.830%
加密货币
话题
百科
资讯
加密话题
视频
热门新闻
加密货币
话题
百科
资讯
加密话题
视频
bitcoin
bitcoin

$107768.358498 USD

-1.49%

ethereum
ethereum

$2529.161625 USD

-1.87%

tether
tether

$1.000169 USD

0.00%

xrp
xrp

$2.251414 USD

-1.08%

bnb
bnb

$658.434141 USD

-0.59%

solana
solana

$148.098376 USD

-2.76%

usd-coin
usd-coin

$1.000043 USD

0.00%

tron
tron

$0.287075 USD

-0.38%

dogecoin
dogecoin

$0.166579 USD

-3.89%

cardano
cardano

$0.574391 USD

-2.74%

hyperliquid
hyperliquid

$37.242063 USD

-6.85%

bitcoin-cash
bitcoin-cash

$495.213033 USD

-0.77%

sui
sui

$2.835127 USD

-3.41%

chainlink
chainlink

$13.230913 USD

-2.80%

unus-sed-leo
unus-sed-leo

$9.041547 USD

-0.05%

加密货币新闻

Bitcoin's Coin Days Destroyed: Analysts Sound the Alarm

2025/07/08 17:40

Bitcoin's Coin Days Destroyed: Analysts Sound the Alarm

Bitcoin's been making headlines, and not all of it's good. Analysts are eyeing the Coin Days Destroyed (CDD) metric, a recent spike has them on edge, fearing a potential price drop. Is a sell-off looming?

What is Coin Days Destroyed?

Coin Days Destroyed (CDD) tracks the movement of dormant Bitcoins. It's calculated by multiplying the number of Bitcoins moved by the number of days they haven't been touched. A jump in CDD often signals that long-term holders are selling, which is generally viewed as a bearish sign.

The July 2025 Spike: A Cause for Concern?

In July 2025, CDD saw a massive spike. CryptoQuant data reveals that CDD has only exceeded 20 million five times since 2022, with the previous four instances all coinciding with significant market downturns. This latest spike marks the fifth time, and analysts are understandably nervous.

This spike was largely due to a historic transaction involving 80,000 BTC (worth over $8 billion) moving from a wallet that had been dormant since Bitcoin's early days (around 2011). According to a report by BeInCrypto, this is one of the largest movements of coins over ten years old ever recorded. Purchased for roughly $7,800 back in 2011, the anonymous holder made an astronomical profit.

Analyst Perspectives

André Dragosch from Bitwise noted that this transfer resulted in the second-largest CDD spike ever recorded, second only to an event in May 2024. He points out a correlation between CDD peaks and subsequent price corrections.

Galaxy Research's Alex Thorn added that other high-CDD days involved asset distributions from the Mt. Gox hack and the US government's recovery of stolen Bitfinex funds, both of which led to sharp Bitcoin price declines. "We haven’t heard the full story on these 80,000 BTC yet… and may never," Thorn said, adding a layer of mystery to the situation.

Other Metrics: Bitcoin Still Undervalued?

Despite the CDD concerns, some analysts point to other metrics suggesting Bitcoin is still undervalued. Axel Adler Jr., a CryptoQuant contributor, highlighted promising signals from Bitcoin’s Mayer Multiple, which compares BTC/USD to its 200-day simple moving average. Adler notes that the Multiple is “significantly below overbought thresholds,” suggesting potential for further upward movement.

Looking Ahead: October 2025 Bull Market Top?

While pinpointing the exact top of the current uptrend is tricky, October 2025 is gaining traction as a potential turning point. Trader and analyst Rekt Capital has flagged this month based on historical comparisons. Fellow trader Jelle has even begun taking profits, anticipating a cycle top around that time.

The Takeaway

The CDD spike is a warning sign that analysts are taking seriously. While alternative explanations like wallet restructuring are possible, history suggests caution. The market could be setting up for a price correction. Keep an eye on the charts, and remember, in the wild world of crypto, anything can happen!

免责声明:info@kdj.com

所提供的信息并非交易建议。根据本文提供的信息进行的任何投资,kdj.com不承担任何责任。加密货币具有高波动性,强烈建议您深入研究后,谨慎投资!

如您认为本网站上使用的内容侵犯了您的版权,请立即联系我们(info@kdj.com),我们将及时删除。

2025年07月08日 发表的其他文章