• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Bitcoin

Bitcoin 30-Day Coin Days Destroyed See Sharp Decline Amid Market Resilience

Godspower Owie
by Godspower Owie
3 weeks ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

While heightened bearish pressure still lingers in the broader cryptocurrency market, Bitcoin has fallen below the key $115,000 price mark, triggering uncertainty once again. After facing a period of steady sell-offs, the market is now experiencing a change, as indicated by a drop in its Coin Days Destroyed.

A Shift In Sentiment From Bitcoin Key Investors

Bitcoin may be facing bearish action, but Darkfost, a market expert and author, has outlined a notable shift in BTC holders’ sentiment toward the flagship crypto asset. The expert shared the positive development in a post on the social media platform X.

Related Reading: Bitcoin Supply Dynamics Paints A Clear Picture of The Current Phase Of The Market

In light of this negative price action, the on-chain expert has reported a change in the key BTC Coin Days Destroyed (CDD) metric. Following a dramatic surge, the 30-day average Coin Days Destroyed indicator has seen a sharp decrease. 

When assessing selling pressure, especially from long-term holders, the BTC CDD metric is a helpful instrument. This decline in activity frequently indicates more conviction among these BTC investors, who seem more likely to hold onto their investments rather than cash out. 

Bitcoin
BTC long-term holders reducing their selling pressure | Source: Darkfost on X

Furthermore, this indicator merely determines how many days a Bitcoin was held before being transferred. According to the on-chain expert, the majority of the time, older BTC are being transferred for sale.

With fewer old coins being moved or sold, the market seems to be moving toward a more resilient phase where short-term volatility is less likely to erode the faith of long-standing holders. Such behavior is frequently interpreted as an indication of market maturity. 

Data from the expert shows that the 30-day CDD peaked at 1.35 million BTC on July 23rd, the highest level of this cycle. Even if a lot of older BTC has lately been sold, the price of the cryptocurrency king has held up quite well. However, throughout August, this selling pressure has lessened and is continuing to decline.

Massive Dormant BTC Are On The Move

A recent report from Maartuun, a market watcher and analyst, shed more light on the movement of dormant BTC. The analyst’s on-chain report centers solely on the movement of 3-year to 5-year-old coins.

Related Reading: Old Bitcoin Wallets Reactivate: Untouched BTC Movements Close In On 2024 Peak

Such action frequently leads to speculation regarding the purpose of the move, whether it is related to institutional repositioning, cashing out long-term holdings, or preparing for market volatility. This significant shift demonstrates the delicate yet potent dynamics of the supply and demand balance for Bitcoin.

After examining the Bitcoin Spent Output Age Bands, Maartuun has revealed a large move of 31,967 BTC among the cohort. According to the market watcher, this marks the largest move from this age group in the past year. It is worth noting that similar movements have historically signaled significant price turning points, sometimes a peak and other times a bottom.

Bitcoin
BTC trading at $115,351 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

Bitcoin

Is Tether Dumping Its Massive Bitcoin Holdings? CEO Shares The Truth

1 hour ago
bitcoin trump powell

Fed Rate Cuts Incoming: Why Analysts Doubt Bitcoin’s Next Rally

2 hours ago
Bitcoin Futures On Binance Reach New Levels, Overtakes Global Real Estate Valuation

Bitcoin Futures On Binance Reach New Levels, Overtakes Global Real Estate Valuation

10 hours ago
Metaplanet Expands Bitcoin Treasury Past 20K BTC Worth Over $2.2B

Metaplanet Expands Bitcoin Treasury Past 20K BTC Worth Over $2.2B

11 hours ago
bitcoin-100k-traders-alerte

Bitcoin : 100 000 $ en ligne de mire, les traders en alerte

12 hours ago
Bitcoin news

Bitcoin Premium Bubble Has Burst — NYDIG Says The Signal Is Clear

13 hours ago

Premium Sponsors

Press Releases

  • miner

    COME Mining cloud mining is becoming a new way to play with...

    3 hours ago
  • How ALL4 Mining Cloud Mining Unleashes XRP’s...

    3 hours ago
  • Domain Scams

    Scam Coinomize Domains: How to Spot and Stop Domain Scams

    5 hours ago
  • miner

    New hope for XRP holders: Switch strategies and earn $7,481...

    7 hours ago
  • miner

    ETF fever sweeps the market, BAY Miner cloud mining allows...

    8 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.