4 days ago
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Key Takeaways
- Older Bitcoin is moving, driving a notable spike in Coinday Destroyed (CDD) metrics.
- Institutional ETF holdings more than doubled in 29 months, reaching 1.3739 million BTC.
- Capital movements are driven by sovereign wealth and wealth managers, not short-term sellers.
On-Chain Data: Old Bitcoin Supply Re-Enters Circulation
Older Bitcoin, consisting of coins that had remained dormant for extended periods, has recently started moving on Binance. This distribution activity pushed CryptoQuant’s Supply-Adjusted Coinday Destroyed (CDD) metric to roughly 533.4, with its 7-day average hitting approximately 1,130.
The total US dollar value of these coins reached approximately $350 million. While this recent activity is elevated, it remains below the 30-day average of $516 mi...
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