Bitcoin Binary CDD Signals Unshakable HODLer Faith: The Diamond Hands Are Stronger Than Ever
Bitcoin's Binary CDD metric just flashed its most bullish signal in years—long-term holders aren't budging.
The HODLer Ultimatum
Spent coins? Barely moving. Wallet churn? Near historic lows. This isn't just accumulation—it's a full-scale conviction play by BTC's most hardened investors.
Wall Street vs. The Cypherpunks
While traditional finance still debates 'store of value' merits, Bitcoin's on-chain data screams what retail already knows: the smart money's stacking sats, not flipping paper gains. (Take notes, goldbugs.)
The Cynic's Corner
Meanwhile, hedge funds are paying analysts six figures to 'discover' what any Twitter crypto bro could've told them for free in 2018. The revolution won't be institutionalized—it'll be binary.
Bitcoin Long-Term Holders Remain Inactive
Bitcoin has remained in a tight consolidation phase below its $112,000 all-time high since late May, but momentum is building for a potential breakout. The leading cryptocurrency is up 10% since June 22 and continues to hold strong above key demand zones, particularly around the $108,000 level. This ongoing resilience has analysts closely watching for a decisive push above $112K, an event that could ignite a new wave of bullish price discovery.
While short-term direction remains uncertain, the long-term structure suggests continued strength. According to analysts, once BTC breaches the current resistance zone, it could MOVE swiftly to new highs, fueled by strong investor confidence and supportive on-chain signals.
Top analyst Axel Adler shared an analysis of the Binary CDD indicator, which sheds light on the behavior of long-term holders. The CDD measures when older, previously dormant coins begin to move, often signaling distribution phases. Adler notes that ancient coin activity is now twice below its annual moving average, indicating that long-term holders are not selling into the recent strength.
Interestingly, the recent movement of coins linked to Roger Ver had little lasting impact on market dynamics, aside from temporary FOMO. In previous market cycles, spikes in CDD coincided with cycle tops, as seen NEAR $70K and $100K. The absence of such a spike now suggests that the current rally remains structurally healthy and far from an overheated top.
As Bitcoin holds its ground and ancient coins remain inactive, the setup appears favorable for a breakout. If bulls can reclaim $112K with conviction, Bitcoin could enter price discovery, setting the tone for the broader crypto market in the weeks ahead.
BTC Price Holds Key Support As Bulls Defend Range Highs
Bitcoin continues to trade in a tight consolidation range, just below the $112K all-time high, with price action currently hovering around $108,245. As shown in the 12-hour chart, BTC has tested the $109,300 resistance level multiple times but has yet to break through it with conviction. Meanwhile, bulls are defending the $106,000–$106,500 area, which is reinforced by the 50 and 100-period SMAs, acting as dynamic support.
Volume remains relatively low compared to the May breakout, indicating a potential buildup before a major move. The current consolidation between $103,600 and $109,300 mirrors a classic high-timeframe range, with short-term liquidity traps forming both above and below. A confirmed breakout above $109,300 WOULD likely open the door to price discovery, while a breakdown below $103,600 could trigger a retest of lower support levels.
The structure remains bullish as long as BTC holds above $106K and especially the $103.6K horizontal support zone. With multiple higher lows and bulls defending critical levels, the market appears to be coiling for a decisive move. Traders should watch for volume expansion and a clear break of resistance or support in the coming days to confirm the next trend direction.
Featured image from Dall-E, chart from TradingView
