Bitcoin CDD Indicator Analysis: Bull Market Signal?

Cryptocurrency news:

- The CDD indicator (coin days destroyed) increases when the spending activity of long-term investors increases;

- Binary CDD and Supply-adjusted CDD indicators gradually increased over the past 6 months;

- The rate of price growth was approximately +186%, indicating the transition of BTC from long-term holders to short-term holders;

- This movement is similar to what was observed at the end of 2020, when the previous bull market began;

- Predicting that future market movements will mirror the past is risky, but it is impossible to deny the similarity of the current movement to past trends.