Bitcoin Whales Are Laughing, CDD Collapses to 2017 Levels – Is The Bull Coming?

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Ah, Bitcoin. Once again, it’s throwing us into a whirlwind. After the Federal Reserve, in a display of supreme financial wisdom, decided to slice interest rates by 25 basis points, Bitcoin took a dive below $91,000. The market, naturally, panicked like a cat in a room full of rocking chairs. But beneath the noise, there’s a deeper story unfolding-one that the charts just can’t ignore.

According to the ever-reliable CryptoQuant, the Exchange Inflow Coin Days Destroyed (CDD) metric on Binance has just plunged to 380, the lowest it’s been since September 2017. For those not fluent in crypto lingo, CDD is a fancy way of measuring how long coins have been sitting around before being moved to exchanges. A low CDD means that the coins being moved are from short-term traders-your weekend warriors, not the long-term investors who’ve been holding since the glory days.

What does this mean, you ask? Well, it means that the big fish-the whales, the veterans who’ve been in the game long enough to know better-are not budging. They’re sitting tight, refusing to sell even as Bitcoin hovers near cycle highs. Are they waiting for something? Is this an all-too-familiar game of “wait for the price to spike, then sell”? It might be. Or maybe, just maybe, they know something we don’t.

Veteran Holders Are Not Buying the FOMO

CryptoOnchain’s insights shed light on this mystery. They point out that the collapse of CDD is even more significant when you take Bitcoin’s current price into account. At $89,600, the market is facing an unusual split between price action and the behavior of long-term holders. Normally, when Bitcoin nears its all-time highs, old coins start to move, triggering a rise in CDD as early investors and whales start taking profits. This is the classic pattern-an uptick in CDD has been a traditional top-signal.

But hold on. This time? The exact opposite is happening. CDD is crumbling. Old coins aren’t moving. What does that say? It suggests that smart money and whales-those long-term players who are usually the first to take profits-are completely uninterested in selling. Even after a multi-month correction, they’re not even tempted to dip their toes in the selling waters. They’re waiting. Waiting for what? Who knows, but it looks like they have all the patience in the world.

This is big. The fact that whales are refusing to flood the market with supply removes a major overhead resistance. It’s like a giant weight lifted off the market, and we all know what happens when the supply chain tightens up. It’s not just a coincidence that powerful bullish expansions often follow. Could Bitcoin be preparing for another run-up? Oh, you bet. These whales aren’t looking worried. They’re looking confident. 😂

Bitcoin’s Price: Playing Games With Support and Momentum

Bitcoin’s 3-day chart tells a different story though. Despite the sharp post-FED drop, it seems to be stabilizing just above $90,000. For now, the price remains trapped between the 200-day moving average (currently acting as support) and the 100-day moving average, which is still holding Bitcoin back from any significant upside. It’s a squeeze. Not a fun one. But a squeeze nonetheless.

Now, let’s talk candles. The recent structure is showing a series of higher lows near the $89K-$90K region, suggesting that buyers are fighting to defend this zone. But the rejection from the 100-day MA? Ouch. That’s the broader bearish trend at play, still hanging over the market like a dark cloud. Bitcoin hasn’t even managed to reclaim that all-important $100K level.

And let’s not forget the volume. Oh, the volume. There’s no strong buying conviction here. The rebound may look nice, but it’s lacking the volume to back it up. It’s like watching a drama unfold where no one bothers to show up for the action. So, are we cautiously waiting for the next move? Or are we just all tired and waiting for something-anything- to shake the market? 💁‍♂️

If Bitcoin loses the 200-day MA, the next major support zone is closer to $84K. That’s not exactly a thrilling prospect, right? However, if Bitcoin manages to close above the 100-day MA, maybe near $98K, we could be looking at a spark of momentum for the bulls. Until then, Bitcoin is caught in a fragile consolidation-nothing decisive, just a lot of waiting. Oh, joy.

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2025-12-12 06:07