Bitcoin Whales Refuse to Sell: Historic Signal Emerges As Binance CDD Drops To 2017 Levels
Bitcoin has retraced beneath the $91,000 degree following the Federal Reserve’s resolution to minimize rates of interest by 25 foundation factors, a transfer that originally generated volatility throughout danger belongings. While the market’s response has leaned bearish within the brief time period, on-chain information tells a really completely different story beneath the floor.
According to new insights from CryptoQuant, probably the most hanging indicators comes from the Exchange Inflow Coin Days Destroyed (CDD) metric on Binance, which has fallen sharply to 380, its lowest studying since September 2017.
CDD is among the most necessary indicators for understanding long-term holder conduct as a result of it assigns larger weight to older cash which have amassed extra “coin days.” Low values imply that the BTC transferring onto exchanges is predominantly from short-term merchants, not long-term holders.
In different phrases, veteran holders — the traders who traditionally transfer markets — are refusing to promote, whilst Bitcoin trades close to cycle highs.
Long-Term Holders Signal Strong Conviction
CryptoOnchain highlights that the importance of this CDD collapse turns into far clearer when seen towards Bitcoin’s present worth context. With BTC buying and selling close to $89,600, the market is witnessing an unusually giant divergence between worth motion and long-term holder conduct.
Historically, when Bitcoin approaches or surpasses all-time highs, long-held cash have a tendency to transfer — triggering spikes in CDD as early traders and whales take income. This sample has repeated throughout previous cycles, making elevated CDD a basic top-signal.
But this time, the precise reverse is occurring. Instead of outdated cash getting into exchanges, Exchange Inflow CDD is collapsing, indicating that nearly not one of the BTC being deposited onto Binance comes from long-term wallets. CryptoOnchain explains that this phenomenon strongly means that Smart Money and long-term whales have zero curiosity in promoting at these ranges, even after a multi-month correction.
This refusal to distribute provide removes a serious supply of overhead resistance and displays a market dynamic pushed more and more by robust fingers. The absence of long-term promote strain reduces the accessible liquid provide, usually previous highly effective bullish expansions. In easy phrases, whales are signaling confidence — not warning — regardless of short-term volatility, reinforcing the narrative that Bitcoin could also be making ready for its subsequent main transfer.
Bitcoin Price Action: Testing Support Amid Weak Momentum
Bitcoin’s 3-day chart reveals the market stabilizing simply above the $90,000 degree after final week’s sharp post-FED decline. Price stays compressed between the 200-day transferring common (crimson line)—presently appearing as major assist—and the 100-day transferring common (inexperienced line) overhead, which continues to cap upward momentum. This creates a basic squeeze construction the place BTC is holding its floor however struggling to reclaim misplaced development ranges.
The current candle construction highlights a collection of upper lows forming close to the $89K–$90K area, suggesting consumers are defending this zone as a short-term flooring. However, the rejection from the 100-day MA reinforces the broader bearish shift, as BTC stays beneath each key development indicators and is but to reclaim the breakdown degree round $100K.
Volume additionally tells an necessary story: regardless of the bounce, buy-side conviction seems weak. The rebound has not been accompanied by a spike in demand, indicating that market members are cautious following the speed minimize and macro uncertainty.
If Bitcoin loses the 200-day MA, the subsequent main assist lies nearer to $84K, which might open the door to a deeper retracement. Conversely, a decisive shut above the 100-day MA close to $98K would sign momentum returning to the bulls. For now, BTC stays in a fragile consolidation with restricted directional power.
Featured picture from ChatGPT, chart from TradingView.com
