Bitcoin Structure Is Changing: What Rising CDD Says About This Cycle

Bitcoin is struggling to hold the $100K level, with bulls unable to reclaim momentum as fear and uncertainty dominate the ￰0￱ price continues to trade near critical support, and despite strong on-chain fundamentals, sentiment remains ￰1￱ to top analyst Darkfost, the market is undergoing a profound transformation — one that’s making many traditional on-chain indicators less reliable. “With time, we can clearly see that the structure and dynamics of the market are evolving,” he ￰2￱ retail behavior and exchange flows once defined market cycles, the growing influence of institutions, ETFs, and long-term investors has changed the rhythm of Bitcoin’s price action.

Still, some metrics remain vital, and one of the most insightful, according to Darkfost, is Coin Days Destroyed (CDD) — a measure of long-term holder activity. “It’s one of the indicators I follow the most because long-term holders are still driving this market,” he says. Currently, between 75% and 80% of all Bitcoin supply is held by long-term holders, signaling that the majority of investors remain strong-handed despite ￰3￱ consolidation among patient holders may ultimately set the stage for the next major trend once short-term fear fades. Long-Term Holders Drive Market Dynamics Through Rising CDD According to Darkfost, the Coin Days Destroyed (CDD) metric remains one of the most valuable tools for understanding Bitcoin’s market ￰4￱ provides a clear visualization of long-term holder (LTH) activity and the potential selling pressure they exert.

Essentially, CDD measures how long coins have been held before being moved — and when older coins start circulating again, it’s often a sign that distribution is underway. Currently, the 30-day moving average of CDD is steadily rising, having doubled since early summer. Interestingly, this metric declined before Bitcoin’s last all-time high, helping fuel that rally, but it has continued to climb since — reflecting growing LTH ￰5￱ an annual scale, CDD levels have already surpassed the 2021 cycle and are approaching those from 2017, marking one of the most active long-term holder phases in Bitcoin’s ￰6￱ trend signals a massive transfer of supply between market ￰7￱ this, Bitcoin remains above $100,000, showing that today’s market is more liquid, resilient, and institutionally driven than in previous ￰8￱ now have the ability to distribute significant volumes without crashing prices, demonstrating how far Bitcoin’s maturity and market depth have evolved over ￰9￱ Battles to Hold $100K Support Bitcoin is currently trading near $100,767, struggling to maintain stability after a volatile week marked by aggressive selling ￰10￱ daily chart reveals that BTC has once again tested the $100K psychological support, a key level that bulls must defend to prevent further downside ￰11￱ a technical perspective, Bitcoin remains below its 50-day (blue) and 100-day (green) moving averages, signaling that short- and mid-term momentum continues to favor the ￰12￱ 200-day moving average (red) — now positioned slightly above $106K — is acting as dynamic resistance, reinforcing the broader correction phase that began in late ￰13￱ Bitcoin manages to close above $103K–$104K, it could signal a short-term recovery toward $108K–$110K.

Conversely, a decisive break below $100K could trigger a sharper correction toward $95K, potentially testing the market’s resilience as sentiment continues to waver between fear and cautious ￰14￱ image from ChatGPT, chart from ￰15￱