
Bitcoin: Is there a shift in whale behavior? – THESE metrics say so
Long-term holders retreat as Bitcoin approaches key resistance, hinting at breakout potential.
Bitcoin’s Coin Days Destroyed dropped, indicating long-term holders slowed down redistribution activity. This shift comes as the broader market enters a phase of sideways trading, with price compression just below the crucial $96K resistance zone. After nearly a year of heightened long-term holder activity, Bitcoin’s 60-day Coin Days Destroyed has returned to baseline, signaling a cooldown in redistribution. This development takes place amidst a backdrop of sharp netflow drops.
Source: https://ambcrypto.com/bitcoin-is-there-a-shift-in-whale-strategies-this-metric-says-so/