Bitcoin’s dual CDD (Coin Days Destroyed) metric showing a positive trend suggests that those holding onto their cryptocurrencies for the long term are not actively trading. This is a strong indicator of confidence in the potential for future price growth, as these holders anticipate higher valuations in the days ahead. Furthermore, the rise in Bitcoin’s funding rate indicates that traders with long positions are in control and are willing to pay those with short positions, which further supports the optimistic outlook in the market.
